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Structured English can be more complex if blocks of (instructions) are ________ within each other to show hierarchy.
Central Planning
An economic system where the government or a central authority makes all decisions about the production and allocation of goods and services.
Economic Profits
The surplus generated when total revenues exceed the total costs (including both explicit and implicit costs) of production, reflecting a return beyond the normal profit level.
Total Costs
The combined total of expenses related to the generation of goods or services, integrating both unchanging and adjustable costs.
Market Economy
An economic system in which supply and demand from consumers direct the production of goods and services.
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