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Distinguish between a closed shop and a union shop. Are either or both shops legal? Explain.
Loanable Funds
The market where savers supply funds to borrowers, typically through financial intermediaries, affecting interest rates and economic activity.
National Saving
The total amount of savings in a country, equal to the sum of private and public savings.
Domestic Investment
The total amount of investment in physical assets like buildings, machinery, and technology, within a country’s borders.
National Saving
The total savings of a nation, calculated as the sum of private and public saving, representing the part of national income not consumed or spent by the government.
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