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Explain why a relative price is an opportunity cost.
Social Capital
The networks, relationships, and norms that enable collective action and contribute to the social cohesion and economic prosperity of communities.
Legitimate Power
Authority that an individual or group possesses that is accepted and recognized by others, often stemming from a formal position or role.
Latent Ties
Potential relationships or connections within a social network that are not currently activated but can be mobilized when needed.
Monetization
The process of converting something into revenue, often used in the context of earning money from websites, apps, or other digital assets.
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