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What are the five steps generally used by economists to develop a model?
Financial Interests
Refers to the ownership stake or economic benefits that an individual or entity has in an asset or a transaction.
Agency Costs
The costs associated with resolving conflicts of interest between company management and shareholders.
Sole Proprietorship
A business owned by a single individual.
CSR Activity
Corporate social responsibility activities involve companies taking responsibility for their impact on society and the environment, often beyond what is legally required.
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