Examlex
The earliest Era in the Geologic time scale is _________.
Real GDP
Gross Domestic Product adjusted for inflation, which provides a more accurate representation of an economy's size and how it's growing over time by valuing goods and services at constant prices.
Classical Economists
Classical economists are scholars from the 18th and 19th centuries who laid the foundation of economic theory, emphasizing free markets, competition, and the self-regulating nature of economies.
Market Economy
An economic system where the allocation of resources is determined by supply and demand in the market rather than by a central plan.
Unemployment
The situation in which people who are able and willing to work cannot find a job.
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