Examlex
Factoring account receivables involve the business selling its accounts receivable to a finance company, and the finance company assumes any bad-debt risk.
Utility Consumption
The enjoyment or satisfaction gained by using a good or service.
Factor Markets
Markets where resources, such as labor, capital, and land, are bought and sold.
Resource Allocation
The process of distributing available resources among various projects or business units to maximize the effectiveness and efficiency of utilization.
Perfect Competition
A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-takers.
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