In the model of credit and labour markets, actors are classified as principals (e.g., employers, lenders), agents (e.g., employees, successful borrowers), and would-be agents (e.g., the unemployed, the credit-excluded). Which of the following statements best analyzes the fundamental relationship between these groups?
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In the model of credit and labour markets, actors are classified as principals (e.g., employers, lenders), agents (e.g., employees, successful borrowers), and would-be agents (e.g., the unemployed, the credit-excluded). Which of the following statements best analyzes the fundamental relationship between these groups?
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