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Overall Efficiency
The effectiveness with which a system, such as an economy or a production process, utilizes resources to achieve its objectives, maximizing output with minimal waste.
Operations
The day-to-day activities involved in managing a business, including production, logistics, and delivery of goods and services.
Proprietor's Income
Represents the earnings of the owner of a business, factoring in revenue minus expenses and taxes.
Unincorporated Enterprises
Businesses that are not legally separated from their owners, meaning the owner is personally liable for the debts of the business.
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