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In the circular-flow diagram, the two types of markets in which households and firms interact are the markets for goods and services and the markets for factors of production.
Creativity
The ability to produce original and valuable ideas or solutions to problems.
Escalating Commitments
The phenomenon where individuals or organizations continue to invest time, money, or resources into a failing course of action due to the amount already invested.
Setting Limits
Establishing and enforcing rules or boundaries that govern acceptable behavior and actions.
Involvement
The degree of interest and personal relevance a person finds in a particular situation or activity.
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