Examlex
Monopolists can charge prices without limitations as there is no competition for the product or service the monopolist provides.
Economic Conditions
The state of a country's economy, influenced by factors such as GDP, unemployment rates, and inflation.
Five Cs of Credit
A set of criteria used by lenders to gauge a borrower's creditworthiness: character, capacity, capital, collateral, and conditions.
Capacity
The highest level of production a company can maintain to produce a good or deliver a service.
Collateral
An asset pledged as security for repayment of a loan, to be forfeited in case of default.
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