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The Circular Flow Model Demonstrates

question 194

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The circular flow model demonstrates


Definitions:

CAD/CAM Software

Computer-Aided Design and Computer-Aided Manufacturing software used for designing and manufacturing products, components, and prototypes.

International Labor Organization

A United Nations agency that sets international labor standards and promotes social protection and work opportunities for all.

Regulatory Power

The authority held by a body or an institution to guide, direct, or control activities within certain fields according to laws or rules.

Minimum Labor Standards

The baseline requirements set by legislation that determine minimum wage, working hours, safety, and other working conditions.

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