Examlex
Hidden verbs weaken sentences because they do not emphasize the main action.
Entrepreneur's Forgone Interest
The potential interest income sacrificed by an entrepreneur when choosing to invest personal funds into their own business rather than in an interest-bearing account.
Long-Run Average Cost
The per-unit cost of production in the long-term, where all input factors are variable, indicating economies or diseconomies of scale.
Upward-Sloping
Describes a line on a graph that demonstrates an increase in value as it moves to the right, often used to represent increases in costs or prices.
Diseconomies of Scale
Diseconomies of scale occur when a company or business grows so large that the costs per unit increase, leading to decreased efficiency.
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