Examlex
Instructions: Identify the following terms.
Organization of American States (OAS)
Innovation
The process of developing new products, services, or methods, often leading to increased efficiency or value.
Economic Profit
The difference between a firm's total revenue and total costs, including both explicit and implicit costs, measuring the firm's performance beyond the basic business costs.
Investment
The action of designating capital with the intention of securing an income or a financial return.
Interest Rate
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
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