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Sanderson and Alderson explain the collapse of Communism in economic terms.
The internal economic difficulties of socialism combined with the external
pressures of the capitalist world-economy to create massive economic stagnation.
Material Balance Equation
Material Balance Equation is a principle in chemical and environmental engineering that states that mass in a closed system must remain constant, irrespective of the processes occurring within the system.
Winter Season
The coldest season of the year, typically characterized by snowfall, ice, and dropping temperatures, varying by geographical location.
Price Range
The spread between the highest and lowest prices of a good, service, or asset in a specific period.
Optimal Cost
The lowest possible cost at which a particular operation, process, or activity can be performed efficiently without sacrificing quality or outcome.
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