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goods and services that are harmful in some way; such as cigarettes.
builds engineering projects on behalf of the community.
(in currency) when a floating currency reduces in value in terms of other currencies.
Depreciation is the decrease in value of an asset or currency.
the process that occurs in dry areas and turns productive farmland into non-productive desert as...
low- and middle income countries in which most people have a lower standard of living than...
marginal utility drops with each additional unit of the product consumed.
when the long run average cost per unit rises with an increase in output.
the total amount that households have available to spend after paying taxes.