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What is the approximate latitude of the observer in the diagram below?
Physical Capital
Tangible assets used in the production of goods and services, such as machinery, buildings, and infrastructure.
Man-Made Resources
Resources created by humans through processing or altering natural materials, which are used to produce goods and services.
Production Process
The method and sequence of operations involved in the production of a good or service.
Demand for Products
The total amount of a product or service that consumers are willing and able to purchase at various prices during a specified period.
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