Examlex
How does hearing of the voices of others contribute to a philosophy of transformation?
Physical Capital
Manufactured productive resources, such as buildings and machines; often referred to simply as “capital.”
Factor Market
A marketplace for the services of a factor of production, such as labor, capital, or land.
Labor
Human effort, whether physical or mental, used in the production of goods and services.
Circular-Flow Diagram
A pictorial scheme of the economy, focusing on the exchange of dollars between households and firms through the market system.
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