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What can be used as the basis for prediction?
Productivity Differences
Variations in the efficiency of production processes or workers, impacting the output generated from a set amount of inputs.
Private Ownership
The legal right of individuals or corporations to own property and assets, distinguishing from public or state ownership.
Allocation Mechanism
The process or system used to determine how resources are distributed and goods and services are allocated in an economy.
Incentive Function
A principle or mechanism designed to motivate individuals or entities to act in a desired manner by offering rewards or consequences.
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