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Which of the following would not be classified as a contra account?
Specialized Knowledge
Expertise or skills focused on a specific branch of study, occupation, or field of endeavor, distinguished by its depth and proficiency.
Cost-Push Inflation
Inflation caused by an increase in prices of inputs like labour, raw material, etc., leading to a decrease in the supply of these goods.
Raw Materials
Fundamental materials that are used in the production process to create goods and products.
Prices of Raw Materials
The cost of basic materials used in the manufacture of products, which can affect production costs and pricing strategies.
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