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What type of unemployment would result if an entire industry is eliminated because of new technology?
Agent
An individual authorized to act on behalf of another, known as the principal, in dealings with third parties.
State
A political entity that possesses sovereignty and governance over a defined geographic area.
Corporations
Legal entities recognized by law as separate from their owners, with rights to enter contracts, own assets, and be liable for debts.
Model Business Corporation Act
A set of statutory provisions designed to provide a standard legal framework for the formation, operation, and dissolution of corporations in the United States.
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