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Population size, composition, and distribution are also connected to issues such as poverty, racial and ethnic diversity, shifts in the age structure of society, and concerns about environmental degradation. These issues are of interest to researchers in the field of___________ .
Circular Flow Model
An economic model illustrating the continuous flow of goods, services, and money among households and businesses in an economy.
Real Flows
In economic terms, the exchange of goods, services, and inputs between households and firms, as opposed to financial flows which involve money.
Money Flows
The movement of money into and out of an entity or market, often analyzed to predict economic conditions or market trends.
Invisible Hand
A term introduced by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests benefit society as a whole.
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