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A student who practices the piano daily and tries new music despite the difficulty demonstrates which trait?
Capital
Resources made and used by people to produce and distribute goods and services, including buildings, machinery, and equipment.
Entrepreneurial Ability
The imagination required to develop a new product or process, the skill needed to organize production, and the willingness to take the risk of profit or loss
Natural Resources
Assets derived from the earth such as minerals, forests, water, and fertile land that can be used for economic gain.
Scarce
A condition where resources are limited in availability and cannot fully meet the unlimited wants of people.
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