Examlex
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Profit Centers
Individual units or divisions within a company that are responsible for generating their own revenue and profit.
Code of Ethics
A document outlining the principles and values that guide the behavior of individuals within an organization, setting standards for ethical conduct.
Laissez-Faire Economics
An economic philosophy of free-market capitalism that opposes government intervention. It suggests that economic systems function best when there is minimal interference by government in the affairs of the market.
Commerce Equilibrium
A state in which supply and demand within a marketplace are balanced, resulting in an efficient distribution of resources.
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