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_____ uses formal bargaining to win acceptance and approval of a desired change.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, indicating the financial performance beyond the break-even point.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.
Physical Capital
Tangible assets used in the production of goods and services, such as machinery and buildings.
Generates Output
The process of producing or delivering a result, product, or service from a set of inputs or processes.
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