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The conchae
Principal Agent Problem
A dilemma in economics and organizational theory where one party (the agent) is supposed to act in the best interest of another party (the principal) but might act in their own interest instead.
Shirking
Working at less than the expected rate of productivity, which reduces output. Shirking is more likely when workers are not monitored, so that the cost of lower output falls on others.
Corporate Business Structure
Corporate business structure refers to the legal organization of a company, often characterized by the issuance of shares, a board of directors, and liability protection for its shareholders.
Productive Contribution
The input or service provided by a factor of production towards the making of goods and services.
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