Examlex
Abigail has recently installed a mobile dating app on her phone in hopes of finding a romantic partner.This is an example of
Entrepreneur's Talent
The unique set of skills, insights, and experiences that an entrepreneur brings to a business venture, often driving its success.
Annual Lease
A contract specifying the terms under which one party agrees to rent property owned by another party for a period of one year.
Normal Profit
The minimum amount of earnings that entrepreneurs must achieve to cover the cost of operating, essentially the breakeven point beyond which a business earns profit.
Implicit Costs
Indirect expenses related to business operations, such as opportunity costs, not directly paid out in cash.
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