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What Is the Approximate Five Year Survival Rate for New

question 34

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What is the approximate five year survival rate for new businesses?


Definitions:

Carpet Industry

The sector of the economy specialized in the manufacture and sale of carpets and rugs.

Mills

Factories or plants that process and manufacture products from raw materials.

Marginal Returns

The additional output produced as a result of utilizing one more unit of input, which can decrease as more units are added.

Labor

The physical and mental effort used in the production of goods and services.

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