Examlex
A fundamental limitation of scientific management is that it undervalues the human capacity for thought and ingenuity.
Real Interest Rate
The interest rate expressed in dollars of constant value (adjusted for inflation) and equal to the nominal interest rate minus the expected rate of inflation.
Interest
The cost of borrowing money or the return earned on investments, typically expressed as a percentage.
Borrower
An individual, corporation, or other entity that receives funds from another party under the condition of returning the funds plus interest or other charges at a later date.
Lender
A financial institution or individual that provides funds to a borrower under the condition that the funds will be repaid with interest.
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