Examlex
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Exit
The process by which businesses cease operations and leave a market, often due to unprofitability or strategic realignment.
Economies of Scale
The cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.
Technology
The application of scientific knowledge for practical purposes, especially in industry.
Positive Profits
The financial gain that occurs when total revenue exceeds total costs.
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