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According to Joseph Schumpeter,which of the factors of production is central to economic growth?
Financial Assets
Assets that derive value because of a contractual claim on them, such as stocks, bonds, bank deposits, and other investments.
Non-Financial Assets
Assets that are not in the form of cash or cannot be easily converted to cash, such as property, plant, and equipment.
Risk-Free Assets
Investments that are considered to carry no risk of financial loss, typically represented by government bonds or treasury bills.
Equity Investments
Investments in stocks or shares, representing ownership in a company or entity and participation in its profits.
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