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The ego is the irrational,impulsive component of personality that serves only to satisfy one's instincts.
Proprietor's Income
The income earned by the owner of a sole proprietorship, which consists of the profits generated by the business.
Production Factor
An input used in the manufacturing of goods or services, typically categorized into land, labor, and capital.
College
An educational institution or a constituent part of one that offers undergraduate and, in some cases, postgraduate degrees.
Marginal Product
The additional quantity of output produced by using one more unit of a given input.
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