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Production
The creation of goods and services using labor, technology, and inputs of raw materials to meet consumer demand.
Fixed Costs
Fixed costs that are unaffected by the amount of goods produced or sold, like rent, wages, and insurance charges.
Rent
A periodic payment made for the use of land, a building, or other property.
Insurance
A financial product providing protection against possible financial losses or damages, involving regular payments in exchange for the promise of compensation under certain conditions.
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