Examlex
The process of invention is the act of
Entrepreneurial Ability
The skill to innovate, introduce new products or processes, and successfully manage business ventures.
Rent
A periodic payment made by tenants to owners for the use of property or land, or the income derived from the lease of such property.
Resource Market
Markets where the services of the factors of production (such as labour, capital, land) are bought and sold.
Product Market
The marketplace where final goods or services are offered to consumers, businesses, and the government.
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