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Explain the requirement for a fixed amount in negotiable instruments?
Labor
Refers to human effort, whether physical or mental, used in the production of goods and services.
Derived Demand
The demand for a good or service that results from the demand for a different, or intermediate, good or service.
Resources
Assets, materials, and human capabilities used to produce goods and services in an economy.
Final Goods
Refers to products that have completed the manufacturing process and are purchased by consumers without further processing.
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