Examlex
Identify the letter of the choice that best matches the phrase or definition.
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Profits
The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.
Joseph Schumpeter
An economist known for his theory on business cycles and for coining the term "creative destruction" to describe the process of innovation in economics.
Innovations
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
Clusters
Geographic concentrations of interconnected companies, specialized suppliers, and service providers in a particular field that are thought to increase competitiveness and innovation.
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