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What are the phases of the technology evolution cycle?
Leisure Time
The period when a person is not engaged in work or essential activities, allowing for rest, recreation, or personal pursuits.
Studying
The act of devoting time and attention to gaining knowledge of an academic subject.
Costs
Expenses incurred in the production of goods or services, including materials, labor, and overhead.
Marginal Analysis
An examination of the benefits and costs of increasing or decreasing production or consumption by one unit.
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