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An indifference map implies that
Quality of Education
A measure of how well education systems meet the needs of students and society, often evaluated through factors like teaching quality, access to resources, and student outcomes.
Capital Goods
Physical assets that an organization uses in the production process to manufacture products and services that consumers will later use.
Output Per Capita
A measure of a country's economic output that accounts for its number of people, essentially dividing the country's gross domestic product by its total population.
Underdeveloped Country
A nation with a lower living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
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