Examlex
Which of the following is an example of an activity undertaken by an entrepreneur?
Efficient Allocation
The distribution of resources in a way that maximizes the net benefits to society or the economy.
Efficiency
A measure of how well resources are used to achieve a goal, minimizing waste.
Incentives
Financial or non-financial rewards offered to encourage specific behaviors or actions among individuals or organizations.
Trade
The exchange of goods or services between parties in return for other goods, services, or money.
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