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Who Created the Formula for the Expectancy Theory

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Who created the formula for the Expectancy theory?


Definitions:

Economic Resource

Any resource used by humans to produce goods or services, including labor, capital, land, and entrepreneurship.

Real Capital

Physical assets like machinery, buildings, and technology that are used in production to create value.

Resource

An economic or productive factor required to accomplish an activity, often categorized into natural resources, human resources, and capital resources.

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