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What is the product of the following reaction?
Resource
Anything, such as land, labor, and capital, that can be used to produce something else; includes natural resources (from the physical environment) and human resources (labor, skill, intelligence).
Circular-Flow Diagram
A visual model that depicts how goods, services, and money move through an economy, illustrating the interactions between households and firms.
Sector
A distinct subset of a market, economy, or field of operation, often categorized by similar characteristics or types of economic activity.
Services
Intangible activities or benefits that are typically provided to satisfy the needs or wants of consumers or businesses.
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