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In what ways were the differences between pastoral and agrarian societies complementary? How did these two different types of societies have formed symbiotic systems?
Open Economy
An economy that interacts freely with other economies around the world.
Loanable Funds
The market where savers supply funds to borrowers, typically through financial intermediaries, affecting interest rates and economic activity.
National Saving
The total amount of savings in a country, equal to the sum of private and public savings.
Domestic Investment
The total amount of investment in physical assets like buildings, machinery, and technology, within a country’s borders.
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