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In the Circular-Flow Diagram, the Two Types of Markets in Which

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In the circular-flow diagram, the two types of markets in which households and firms interact are the markets for goods and services and the markets for factors of production.


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Offers a set of certification standards for responsible environmental policies.

ISO 9000

A set of international standards designed to help organizations ensure they meet customer and other stakeholder needs within statutory and regulatory requirements related to a product or service.

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Precautionary Approach

A principle advising that action should be taken to prevent harm when it is uncertain, prioritizing prevention over reaction.

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