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In the communication process,initially the _______ composes the message.
General Equilibrium
A state in an economy where all markets are in equilibrium simultaneously, and the decisions of consumers and producers are perfectly coordinated.
Pareto Efficiency
An economic state where resources are allocated in a way that it is impossible to make one individual better off without making another individual worse off.
Simultaneous Equilibrium
A situation in which multiple markets or economic variables reach equilibrium at the same time, with interdependencies considered.
Technological Change
The improvement or innovation in technology that increases productivity and may lead to new products or ways of doing things.
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