A Private Good Is

question 107

Multiple Choice

A private good is

• A)a good that is rival and nonexcludable.
• B)a good that is nonrival and nonexcludable.
• C)a good that is rival and excludable.
• D)a good that is nonrival and excludable.

Distinguish between myths and realities associated with entrepreneurship.

Compare and contrast different forms of entrepreneurship, including corporate entrepreneurship and intrapreneurship.

Understand the role and significance of franchises in entrepreneurship.

Analyze the impact of entrepreneurship on personal development and societal improvement.

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Definitions:

Self-supporting Growth Rate

The maximum growth rate a firm can achieve without requiring additional external financing.

External Funds

Capital that comes from outside of a company, which can include debt financing from banks or equity financing from investors.

Assets And Liabilities

The fundamental components of a company's or individual's financial position, where assets represent resources owned, and liabilities represent obligations owed to others.

Spontaneously Generated Funds

Internal funds generated by a company's operations without the need for external financing.