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Participatory Development Helps Ensure That the Local Community Is Supportive

question 28

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Participatory development helps ensure that the local community is supportive of and invested in projects that link top-down and bottom-up approaches to environmental challenges.


Definitions:

Liabilities

Financial obligations or debts owed by a business to outsiders, such as loans, accounts payable, or mortgages.

Owner's Equity

The total assets minus total liabilities of an individual owner in a business, representing the owner's residual interest in the company.

Liabilities

The financial obligations or debts of a business entity, which are settled over time through the transfer of economic benefits including money, goods, or services.

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