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Differentiate between an induced increase in consumption and an autonomous increase in consumption.How are they represented on a graph?
Local Business
A company that provides goods or services to a local population. It's often characterized by having a physical presence in a community.
Net Income
The total profit of a company after all expenses, taxes, and costs have been deducted from total revenues.
Mortgage Interest
Interest paid on a loan secured by a mortgage on a home, often tax-deductible under certain conditions.
Home Business
A business operated from the residence of the owner, leveraging the flexibility to manage personal and professional life.
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