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Explain how dew, frozen dew, and visible frost form.
Physical Capital
Tangible assets used in the production of goods and services, such as buildings, machinery, and equipment.
Economic Profit
The profit a company makes after subtracting both its explicit and implicit costs from total revenues.
Labor Services
The physical and intellectual efforts provided by workers in exchange for wages.
National Income
The total income earned by a country's residents and businesses, including wages, profits, and investment earnings, usually measured within a specific time period.
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