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Add and Subtract Square Roots
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Market Economy
A market structure in which investment, manufacturing, and allocation decisions are driven by market forces of supply and demand, allowing prices for products and services to be set freely within an open pricing framework.
Firms
Businesses or enterprises that produce goods or provide services in an economy.
Households
Individuals or groups of people living together as a single economic unit, making decisions about consumption and labor supply.
Invisible Hand
A concept introduced by Adam Smith to describe how individuals' pursuit of their own self-interest unintentionally benefits society as a whole.
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