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What is the connection between piracy and the Atlantic slave trade?
Consumption
The use of goods and services by households or individuals, which is a primary component of economic activity.
Income
The cash flow generated out of work or investments, typically on a steady basis.
Utility Function
A mathematical representation of a consumer's preference ranking over bundles of goods, showing the level of satisfaction or utility derived.
Commodity
A basic good used in commerce that is interchangeable with other goods of the same type; commodities are often used as inputs in the production of other goods or services.
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