In advanced economies:

Name: In advanced economies:
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In advanced economies, both supply and demand tend to be heterogeneous, meaning there is diversity in the products and services offered and desired. Producers and consumers are often separated in several ways, such as geographically, socially, and financially. Furthermore, exchange is hampered by discrepancies of quantity and assortment, such as differences in the quantity and quality of goods being traded. Thus, all of the above statements are true.

In Advanced Economies