Examlex
A survey by the National Federation of Independent Businesses reports that 78 percent of small business owners believe that adding innovative products and services is important to their companies' success.
Positive Economics
A branch of economics that seeks to describe and explain economic phenomena, focusing on factual and objective analysis without prescribing policies.
Teenage Unemployment
The scenario where individuals, typically aged 13-19, are actively seeking but unable to find work.
Economic Model
A simplified representation of economic processes, often using mathematical formulas or graphs, to analyze behavior and predict outcomes.
Inductive Reasoning
A method of reasoning in which a conclusion is reached based on the observation of specific instances or patterns.
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