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In a capitalist system, the decisions and actions of millions of consumers and firms are highly coordinated by
Quantitative Research
A systematic investigation technique that focuses on quantifying the collection and analysis of data, often using statistical tools.
Hypothesis
A proposed explanation made on the basis of limited evidence as a starting point for further investigation.
Statistical Tests
Quantitative methods used to determine whether hypotheses about data are supported or refuted.
Primary Research
Collection of original data or firsthand information through methods like surveys, interviews, or experiments.
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