Examlex
Pay equity is based on the principle of equal pay for work of equal value.
Sole Proprietorship
A company that is owned and run by just one person, with no legal separation between the owner and the business itself.
Limited Liability Company
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Discretionary Income
The amount of an individual's income left for spending, investing, or saving after taxes and basic necessities have been paid.
Free Market
An economic system in which prices are determined by unrestricted competition between privately owned businesses.
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