Examlex
Suppose the nominal interest rate is 5 percent and there is no inflation.What is the real interest rate?
Small Business
An independently owned and operated company with limited size and revenue, according to industry standards, often characterized by a small workforce.
Independently Owned
Businesses or properties that are owned by individuals or private entities rather than corporations or chains.
Franchise
A business arrangement where one party (the franchisor) grants another party (the franchisee) the right to use its trademark or business model to offer, sell, or distribute goods or services.
Necessity-based Entrepreneurship
Entrepreneurial activities initiated as a result of limited job opportunities or economic necessity, rather than from the identification of a new business opportunity.
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