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The first step in reflective learning is to
Capital Equipment
Long-term assets, such as machinery, buildings, or vehicles, that a business uses in the production of goods or services.
Farm Subsidies
Financial assistance provided by government to farmers, intended to stabilize food prices, ensure a stable food supply, and support farmers' incomes.
Value of Production
The total worth of the goods and services produced by a company, industry, or economy.
Tariff
A tax imposed on imported goods and services, which can affect trade balances, prices, and even the economy as a whole.
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