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How does the phenomenon of diminishing returns to capital explain the catch-up effect?
Employment Agreement
A contractual agreement between an employer and employee outlining the terms of employment.
Specialized Company
A business focused on a specific market niche, offering products or services that are not broadly offered by generalist companies.
Personal Injury
Physical or psychological harm caused to an individual due to another's negligence or intentional act.
Testify
To give evidence as a witness in a court of law or legal proceeding, which can be done orally or in writing.
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