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Describe the three elements of manufacturing cost.
Legal Entities
Organizations or groups that have legal rights and obligations, including the ability to enter into contracts and own property.
Contracts
Legally binding agreements between two or more parties that specify the terms and conditions under which certain actions or transactions will be carried out.
Secondary Labor Market
Employment sector characterized by low wages, job insecurity, and poor working conditions, often involving temporary or part-time jobs.
Primary Labor Market
Job sectors characterized by high wages, job security, benefits, and opportunities for advancement, often requiring higher education or specialized skills.
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