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Which of the following is NOT a macro-level theory?
Political Subdivisions
Entities established under the authority of a larger government, typically used for administrative purposes, such as counties or municipalities.
Debt Obligations
Liabilities or amounts of money that a company or individual owes to lenders or creditors.
Debt Financing
The method of funding a company's operations or expansion by borrowing money, usually through issuing bonds or taking out loans.
Capital
Financial assets or resources that businesses use to fund their operations and growth.
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