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Precious Metals
Metals of high economic value, such as gold, silver, and platinum, often used for investment or as currency.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy.
Government Spending
Government spending involves expenditures by government bodies on public services, infrastructure, defense, social welfare, and more, impacting the economy’s overall fiscal stance.
Resource Availability
This refers to the accessibility and abundance of natural, human, and capital resources which can be used for production.
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