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Verify that each equation is an identity.
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Capital
Assets such as machinery, buildings, or technology used in the production of goods and services.
Labor
The human effort, both physical and mental, used in the production of goods and services.
Natural Resources
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
Oil Reserves
Quantities of crude oil that are discovered and confirmed by geologic and engineering information to be commercially recoverable under existing economic and operating conditions.
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