Global economists use the terms capitalism and private enterprise to describe centrally planned economic systems.
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Q11: Deflation is an economic condition in which
Q12: In practice,no economy is truly a free-market
Q13: Scarcity creates competition for resources,and forces trade-offs
Q14: Capitalism is a term used to describe
Q15: Deciding how much money to spend on
Q17: Macroeconomics studies economic behavior among consumers,businesses,and industries
Q18: The situation in which one supplier thoroughly
Q19: Demand refers to the quantities of a
Q20: The equilibrium point is the point at
Q21: The study of a country's larger economic
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