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When a false null hypothesis is rejected, the researcher has made a Type II error.
Classical Economic
An economic theory originating in the 18th century that advocates for free markets, competition, and the idea that an invisible hand guides supply and demand.
Neo-Capitalist
A modern version of capitalism that incorporates elements of social progress within the free market system for broader economic development.
Small Business
An independently owned and operated company that is limited in size and revenue depending on the industry.
Corporate Social Responsibility
A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.
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