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Normal profit occurs when total revenue equals total economic costs. This article explains how normal profit works, why it matters, and how firms achieve it.
Normal goods are goods whose demand increases as consumer income rises. This article explains how they work, how they differ from inferior goods, and why income elasticity matters.
Non-Tariff Barriers (NTBs) are regulations and restrictions that limit trade without using tariffs. This article explains their types, examples, and impact.
A Non-Performing Loan (NPL) is a loan in which the borrower has missed payments for 90+ days. This article explains their causes, impact, and management.
A Non-Profit Organization (NPO) focuses on mission over profit. This article explains how NPOs work, their funding, governance, and societal impact.
A Non-Disclosure Agreement (NDA) is a legal contract that protects confidential information. This article explains how NDAs work, their key clauses, and when they are used.