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You are asked to learn the information presented in a psychology chapter, and you study for four hours. Then three months later, you are asked to study the same chapter information, and you finish your study in only two hours. In this case, your memory of having learned this information three months ago is shown through
Capital
Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery, buildings, and land.
Labor
The contribution of human physical and mental energies in the fabrication of goods and the supply of services.
Technological Change
The development and application of new processes, tools, and machines, leading to more efficient production methods.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.
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