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Collection of an account receivable will increase total assets.
Efficient Way
An efficient way refers to a method or approach that achieves a goal with minimal waste of time, resources, or effort.
Pure Communism
An idealized form of communism where there is no class division, the state has withered away, and the means of production are communally owned, leading to equal distribution of resources.
Capitalism
An economic system where private individuals rather than the state own and operate the means of production and distribution, driven by the motive of profit.
Socialism
An economic system based on the collective ownership of the means of production, collective distribution of goods and services, and government regulation.
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