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“ .” When considering the ELM, which toe questions below is NOT one of the questions recommended in the textbook to be used when choosing which route/persuasive strategy to use?
Capital Goods
Physical assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.
Consumer Goods
Products produced for purchase by individuals and households for personal use, such as clothing, food, and electronics.
Industrialize
The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.
Market-Oriented Economy
An economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
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