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In an open economy, the law of one price implies that
Equilibrium
The point at which market demand and supply equalize, stabilizing price levels.
Equitable Distribution
The fair allocation of resources among all members of a community or society.
Incentive to Change
Factors or motives that encourage individuals or organizations to modify their behavior or decisions.
Equitable Distribution
a principle aiming for a fair allocation of resources, wealth, or income among members of a society.
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