Fill in the correct labels for the following figure using the word bank below.
-B __________
Definitions:
Implicit Cost
The opportunity cost equal to what a firm must give up in order to use resources that it already owns, as opposed to explicit costs that are directly paid.
Future Earnings
Projected income that an entity or individual anticipates receiving over a specified future period, often used in valuation or investment analysis.
Migration
The movement of individuals or groups from one location to another, often in pursuit of better living conditions, job opportunities, or safety.
Economic Analysis
The process of examining statistics and market dynamics to understand and predict trends, assess the performance of economies, or make business decisions.
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