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How did the slaveholding gentry dominate eighteenth-century Virginia politics?
Investment
The allocation of resources, often financial, into endeavors with the expectation of generating future returns.
Purchasing-Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" to assess the relative value of currencies.
Exchange Rates
The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.
Long Run
A period of time in which all factors of production and costs are variable, allowing all aspects of an enterprise to be adjusted.
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