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What is ACT? Discuss the three arms of the ACT model.
Informal Economy
A network of people producing and circulating marketable commodities, labor, and services that for various reasons escape government control.
Bureaucratic Regulators
Officials or agencies responsible for enforcing rules and regulations within governmental or organizational structures.
Marketplace
A physical or virtual space where goods and services are exchanged, typically involving multiple buyers and sellers.
Agricultural Societies
Communities whose economies are based primarily on the production and maintenance of crops and farmland, often signifying a shift from hunter-gatherer lifestyles.
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