Examlex
Political risks can be broken down into three basic categories.These are:
Economic Costs
The total cost of choosing one action over another, including both explicit costs (direct outlays) and implicit costs (opportunity costs).
Entrepreneur's Talent
The unique set of skills, knowledge, and intuition that an entrepreneur possesses, enabling them to identify, evaluate, and exploit business opportunities.
Annual Lease
A contract that allows for the rental of a property for a period of one year.
Implicit Costs
The opportunity costs of using resources that a company already owns, essentially the income the company could have earned by using these resources in another way.
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