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In some cases, entrepreneurs use _________ from previous endeavors to invest in their new enterprises.
Wages
Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.
Quantity of Labor
The total number of labor hours employed or the total number of workers employed in the production of goods and services.
Excise Tax
A tax levied on specific goods, services, or transactions, often imposed on alcohol, tobacco, and gasoline.
Supply Curve
A graphical representation showing the relationship between the price of a good and the amount of it that suppliers are willing to produce and sell.
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