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low- and middle income countries in which most people have a lower standard of living than those in the developed countries and have not yet reached a high level of industrialisation.
(also called the primary industry) industries based on raw materials that come from the earth....
an increase in the price of one product will result in a decrease in the demand for the...
a continuous rise in the prices of a wide range of products over an extended period of time. It...
one that is likely to depreciate rapidly and is difficult to convert to other currencies.
when demand and supply are allowed to operate freely to form prices.