Examlex
Obtaining financing for an existing business is easier than it is for most start-up companies.
Self-interest
The pursuit of individual advantage or profit, often regarded as a basic economic driving force.
Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, best known for his theory of the invisible hand guiding free markets.
Competitive Markets
Markets where numerous producers and consumers interact, leading to price determination by supply and demand forces.
Information
Data, facts, or knowledge communicated or received concerning a particular fact or circumstance; essential for decision-making.
Q16: Under a capitalistic system,the government tends to
Q18: Assume a nation has a comparative advantage
Q29: The Fair Labor Standards Act established a
Q59: Entrepreneurs take necessary risks to set up
Q86: Which of the following is not a
Q87: Approximately what percentage of private-sector American workers
Q93: Emily is a manager who spends most
Q108: Tyra spent a two-week vacation in Italy
Q114: United Airlines' purchase of Continental Airlines combines
Q133: Explain how small businesses create new industries.