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In the markets for the factors of production in the circular-flow diagram, households are buyers and firms are sellers.
Expected Standard Of Care
The level of care and service that is anticipated or accepted as appropriate based on professional norms or benchmarks.
Affirmative Duty
A legal obligation to act proactively in certain situations to prevent harm.
Medical Standards
Established benchmarks of quality and safety for healthcare practices and procedures to ensure consistent and effective patient care.
Reasonable Care
The legally required level of care that an individual or organization must undertake to avoid negligence.
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