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In order for island arc to form, two diverging oceanic plates must be separating from one another.
Milton Friedman
An influential American economist and Nobel laureate known for his strong belief in free-market capitalism and minimal government intervention.
Thorstein Veblen
An American economist and sociologist known for his theory of the leisure class and conspicuous consumption.
Consumer Dollar
Refers to the purchasing power of a consumer's money, indicating how much goods or services one dollar can buy.
Services
Economic activities that provide intangible products, such as education, healthcare, and financial and professional services, rather than physical goods.
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