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What is a federal contractor?
Profit Income
The financial gain that results when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.
Market System
In this economic framework, the determination of investment, production, and distribution is influenced by the market signals emanating from the interplay of supply and demand.
Economic System
The mechanism or set of processes by which a society organizes and distributes its resources, goods, and services.
Factors Of Production
The four economic resources: land, labor, capital, and entrepreneurial ability.
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