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Which one of the following economists has played a central role in the development of the "economics of collective decision making," better known as public choice analysis?
Expenses
The money spent or costs incurred in an entity's efforts to generate revenue, representing the cost of doing business.
Withdrawals
Funds taken out from a business by its owner(s) for personal use.
Credit
An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
Assets
Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.
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