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The Ancient Greeks Conceived Three Fundamental Forms of Government

question 62

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The ancient Greeks conceived three fundamental forms of government. Which term refers to a government ruled by one?


Definitions:

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, enabling trade benefits.

Free Trade

International commerce that operates naturally without the interference of tariffs, quotas, or restrictions.

Domestic Consumption

Domestic Consumption is the total amount of goods and services consumed within a country, excluding those used for exports.

Domestic Price

The price of goods or services within a country's domestic market, as opposed to international or export prices.

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