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Identify and describe the five factors of production.
Open-Mindedness
The willingness to consider new ideas, perspectives, and possibilities without prejudging them.
Personal Projects
Individual pursuits or tasks that a person considers significant and undertakes to achieve personal goals.
Well-Formulated Goals
Objectives that are clearly defined, measurable, attainable, relevant, and time-bound, facilitating achievement and progress tracking.
Positive Illusions
Unrealistically favorable attitudes that people have towards themselves or to people that are close to them.
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