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Generally,teams are able to make better decisions than individuals.
GDP
Gross Domestic Product, it measures the total economic output of a country, representing the market value of all goods and services produced over a specific time period.
Per Capita
A statistical measure that divides an aggregate by the number of individuals in the population, commonly used to express economic indicators.
Household Production
The creation of goods and services within a home for the use by its members, which replaces or supplements the purchase of products and services from the market.
Illegal Production
Refers to the manufacturing or production of goods and services that violate laws or regulations, often involving prohibited substances or activities.
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