Factors of Production and Markets

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A worker employed for a certain period of time is known as a ... a) permanent worker b) temporary worker

temporary worker

What is the difference between own and borrowed money?

Own money is capital an owner invests into a business from his own sources. Borrowed money is capital that is obtained from external sources.

Why is it risky to invest borrowed money rather than use your own money in your business?

Borrowed money must be paid back to the investor.

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