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Simultaneous Equilibrium
A condition in which all markets in an economy are in equilibrium at the same time, reflecting a balance between supply and demand.
Capital Flows
Movements of capital in the form of money or investment from one country to another.
Consumer Preference
The inclination of consumers to favor certain products or services over others, often based on factors like quality, price, or brand.
Partial Equilibrium Analysis
An economic analysis method focusing on the equilibrium of a specific sector or market, ignoring the effects on and from other markets.
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