Examlex
Factor by grouping.
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Inflation
The rate at which the cost of goods and services across the board escalates, leading to a fall in the buying power of currency.
Living Standards
The volume of capital, pleasantries, commodities, and indispensable resources available to a defined economic group or territorial area.
Market Economy
is an economic system in which supply and demand from consumers direct the production of goods and services.
Socially Desirable Outcome
An economic or social condition that benefits the majority of the community, considering factors like efficiency, equity, and the welfare of all participants.
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