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Logistic regression equations are estimated using OLS.
Entrepreneurs
Individuals who, rather than working as employees, found and run small businesses, assuming all the risks and rewards of the venture.
Technological Change
Refers to the improvements and innovations in technology that enhance productivity or enable new products and services.
Own Wealth
The total value of all financial and non-financial assets owned by an individual or entity, minus any liabilities.
Pure Monopolist
A sole provider of a unique product or service with no close substitutes, giving them significant control over pricing.
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