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Use the following to answer questions:
-(Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. How does the government finance its purchases of goods and services?
Market Value
The present rate at which a service or asset is available for purchase or sale.
Net Income
Net income is the total amount of profit a company earns after subtracting all of its expenses, taxes, and costs from its total revenue.
Unlimited Liability
A legal structure in business where owners are personally liable for all the debts and obligations of the business.
Limited Life
A term that refers to the finite operational lifespan of an entity, asset, or agreement, after which it ceases to exist or operate.
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