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Resolution

A formal expression of opinion or intention passed by a legislative body, like the Senate or House of Representatives, that does not become law.

Commemorate

To recall and show respect for (someone or something) in an official ceremony or by an official declaration.

Franchising

A business model where an independent business owner (franchisee) pays fees to a larger company (franchisor) to operate a business using the franchisor's established brand, products, and operational system.

Entrepreneur

A person who starts a new business, often taking on financial risks in the hope of profit.

Economic output

The total value of all goods and services produced by an economy during a specific period.

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. It serves as a broad measure of overall domestic production.