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Eddie is walking down a dark alley.Suddenly, a dark figure jumps out from behind a trash bin and points a gun at him.Eddie turns and runs away extremely quickly.What does this example illustrate?
Capital
Wealth in the form of money or other assets owned or employed in business by an individual, firm, or country.
Wages and Income
Represents the earnings received by laborers for their work and can include salaries, wages, and other forms of compensation.
Circular-Flow Diagram
A visual model that shows how goods, services, and money move through the economy in a continuous, circular flow between households and firms.
Money
A medium of exchange used to facilitate transactions for goods and services.
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