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Demand Curve
A curve that illustrates the demand for a product by showing how each possible price (on the vertical axis) is associated with a specific quantity demanded (on the horizontal axis).
Economic Rent
The price paid for the use of land and other natural resources that are in fixed (perfectly inelastic) supply.
Antipoverty Programs
Governmental or non-profit organization initiatives designed to reduce or eliminate poverty by providing financial assistance, education, or job training.
Productive Capacity
Refers to the maximum output a system, economy, or machine can produce over a period of time under normal conditions.
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