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The following diagram shows two budget lines: A and B. Which of the following could explain the change in the budget line from A to B?
Entrepreneurial Process
Involves the steps of identifying an opportunity, developing a business plan, determining the required resources, launching the new venture, and managing its growth.
Economic Expansion
A phase in which a country's economy grows stronger, characterized by increased output, employment, and trade.
Social Mobility
The movement of individuals, families, or groups through a system of social hierarchy or stratification.
Self-Employed
refers to an individual who works for themselves, either by running their own business or offering their services as a freelancer or contractor.
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