Examlex
What is another name for the regression or estimating equation? ______________________________
Innate Sense
An inherent or natural ability, perception, or understanding.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his theory of the benefits of a free market economy.
Public Good
A service or product offered for free to every member of a society, made available by either governmental entities or private organizations without aiming for financial gain.
Economic Functions
The roles and operations performed by an economic system, such as allocation of resources, distribution of income, and stabilization of the economy.
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