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List the Seven Basic Sources of Information About Your Clients

question 12

Essay

List the seven basic sources of information about your clients that you can collect, organize and interpret.


Definitions:

Individual Households

Single units comprising one or more persons within an economy that make decisions about consumption, saving, and labor supply.

Inflation

The speed at which the overall price level for products and services increases, diminishing the buying power.

Unemployment

The situation where individuals who are capable of working and willing to work do not find employment.

Opportunity Costs

The cost of the next best alternative foregone as a result of making a decision.

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