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What Are the Components of the Current Account of the Balance-Of-Payments

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What are the components of the current account of the balance-of-payments?


Definitions:

Tax Breaks

Financial incentives or reductions in tax payments provided to individuals or companies to encourage certain activities or investments.

State-Owned Enterprise

A business enterprise where the government holds significant control through full, majority, or significant minority ownership.

Limited Liability Firm

A type of business entity where the owners' liability for debts is restricted to the amount they invested in the company, protecting personal assets from business liabilities.

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

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