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What Are the Elements of Informed Consent, and Why Are

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What are the elements of informed consent, and why are they necessary?


Definitions:

Capital Stock

The total amount of physical goods that are used for production of other goods and services.

Economy

The large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated.

Increase

An upward change or growth in a quantity or value.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

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