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Explain the role of a mathematical model in engineering economics.
Imported Goods
Products or services brought into a country from abroad for sale.
Exports
Exports refer to the goods or services sold by a country to foreign markets, which is a fundamental component of international trade.
Domestic Consumers
Individuals within a country who purchase goods and services for personal use.
Domestic Producers
Businesses or individuals that manufacture or produce goods within a country's borders.
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