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For each historical identification question, define the term and briefly describe its historical significance.
Jean-Jacques Rousseau
Open Market
An economic market with few to no barriers to entry, where goods, services, and financial instruments are traded freely.
Accounted
The process of recording, classifying, and summarizing financial transactions to provide an accurate and complete picture of a business's financial position.
Stock Traded
Shares of ownership in a company that are bought and sold on a stock exchange.
Stockholders' Equity
Stockholders' equity represents the ownership interest of shareholders in a corporation, calculated as total assets minus total liabilities.
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