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What is the role of labor productivity in location decisions?
Legatee
One designated in a will to receive a legacy (a gift of personal property).
General Bequest
A testamentary gift of a particular amount of money or a specific percentage of the estate, not tied to any particular asset.
Testator
A person who has made a will or given a legacy.
Private Ownership
The legal right held by individuals or entities to own property or businesses, allowing for control and use exclusive of government or public intervention.
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