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What is the IUPAC of the following compound?
Consumer Sovereignty
The theory that consumer preferences and choices dictate the production of goods and services in an economy.
Resource Costs
The expenses incurred in acquiring the natural, human, and capital resources needed to produce goods or services.
Private Producer
An individual or company that produces goods or services in a market economy without direct government intervention.
Market Economy
An economic system where prices and production are determined by unrestricted competition between privately owned businesses.
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