Examlex
Briefly describe the three primary stages of a tornado life cycle.
Households
Economic units comprising individuals living together, making joint decisions about consumption and production.
Firms
Business entities or organizations engaged in commercial, industrial, or professional activities, either for profit or non-profit.
Market
Any structure that allows buyers and sellers to exchange types of goods, services, and information.
Factor Market
This refers to markets where services of the factors of production (not the actual products) such as labor, capital, and land are bought and sold.
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