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Explain the Phillips Curve concept and construct an example of the curve on the below graph.
Capital-intensive Business
A business that requires a significant amount of capital investment to create and maintain operations, often in industries like manufacturing.
Labor-intensive Business
A type of business that requires a large amount of manual labor to produce goods or services, as opposed to automation or machinery.
Service-intensive Business
A type of business that relies heavily on providing services rather than goods, characterized by a high level of customer interaction and service delivery.
Vision
A forward-looking statement or concept that outlines what an organization aims to achieve in the future, serving as a guide for its intentions and directions.
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