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when output is falling; the period of contraction in the economy.
the quantity that producers are willing to produce at a certain price and time.
(also called physical capital) are manufactured goods used in production to make consumer goods...
trade unification between different states by the partial or full abolishing of customs duties...
(also called the primary industry) industries based on raw materials that come from the earth....
a policy where goods do not flow freely between countries but are restricted by tariffs;...