Examlex
The planning process is a systematic way of setting performance objectives and deciding how to best achieve them.
Profits
The financial gain obtained when the revenues generated from business activities exceed the expenses and costs incurred in operating the business.
Producing Units
Entities, either facilities or machinery, involved in the production process to manufacture goods or services.
Economy
The system of production, distribution, and consumption of goods and services in a particular geographic region or country.
Factor Markets
Markets where services of the factors of production (notably labor, land, and capital) are bought and sold.
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