Examlex
List and explain three of the common misconceptions about franchising.
Market Wages
The prevailing rate of pay for work or services at a particular time and place, determined by supply and demand in the labor market.
Productivity
The efficiency with which inputs are converted into outputs in a production process, often measured as the ratio of output to input over a specific period.
Income Distribution
The way in which the total income of an economy is distributed among its population.
Rich
Having a great deal of wealth, assets, or resources; affluent.
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