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Discuss the concept of risk factors. Explain and define the various types of risk factors. Be sure to provide examples of each type. How are risk factors related to delinquency and the juvenile justice system?
Circular Flow Model
An economic model that describes the movement of money, goods and services, and resources between producers and consumers in the economy.
Entrepreneurial Ability
The skill to innovate, introduce new products or processes, and successfully manage business ventures.
Rent
A periodic payment made by tenants to owners for the use of property or land, or the income derived from the lease of such property.
Resource Market
Markets where the services of the factors of production (such as labour, capital, land) are bought and sold.
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