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________ actively and enthusiastically support new ideas, build support, overcome resistance, and ensure that innovations are implemented.
Factors of Production
Factors of production are the inputs used in the production of goods or services in the attempt to make an economic profit, including labor, capital, land, and entrepreneurship.
Circular-Flow Model
The circular-flow model is an economic diagram that illustrates how households and firms interact through markets for products and resources, depicting the continuous flow of money and resources.
Households
Economic units comprising individuals living together, making joint decisions about consumption and production.
Firms
Business entities or organizations engaged in commercial, industrial, or professional activities, either for profit or non-profit.
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