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phases of the business cycle when the economy contracts (shrinks).
the amount of satisfaction a consumer gets from consuming or possessing an additional identical...
money paid to poor people by the state such as child support and old age pensions.
(also called a business, a firm or an enterprise) producers or suppliers of goods and services...
when one or a few sellers control the supply; they have the power to set the prices.
the movement of goods and services and income and expenditure in the economy.