Examlex
Select the correct statement from the following.
Labor and Capital
The primary factors of production, where labor refers to human work effort and capital to tools, equipment, and buildings used in production.
Government Subsidized Property Insurance
Insurance programs supported by the government to make coverage available and affordable, often in high-risk areas.
Insurance Costs
represent the expenses related to purchasing insurance coverage, which provides financial protection against potential future losses or damages.
Business Risk
The exposure a company or investor faces from the uncertainties that could affect the financial, operational, and reputational standing of a business.
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