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FIGURE 6-9
-Refer to Figure 6-9.In part (ii) ,the consumer's move from point Z to point Y is caused by
Government Laboratory
A research facility owned and operated by the government to conduct scientific research and development.
Retained Earnings
The portion of net income that is retained by a company rather than distributed to its owners or shareholders as dividends.
Undistributed Profits
Profits earned by a company that are not paid out as dividends to shareholders but are retained for reinvestment in the business or held as reserves.
R&D Finance
Financial resources allocated for research and development activities in a company or organization.
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