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the costs that change with the amount of output such as raw materials and wages.
a form of centrally planned economy where all the resources are owned by the people collectively...
when countries trade with one another without any restrictions due to trade agreements made;...
(also called a business, a business venture or a firm) producers or suppliers of goods and...
the revenue received for a good; found by dividing total revenue by units of output.
all the built facilities that are required for the development of society and production;...