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Economic Theory
A set of principles and methodologies that economists use to explain and predict economic patterns and behaviors.
Rational People
Individuals or decision-makers who systematically and purposefully do the best they can to achieve their objectives, making decisions based on available information and logical reasoning.
Marginal Analysis
Investigating the increased advantages of an activity relative to its increased financial burdens.
Vogue
The prevailing fashion, style, or trend at a particular time, often used in the context of clothing, vernacular, or popular culture.
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