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Production Possibilities Frontier
A curve depicting the maximum feasible combinations of two or more goods or services an economy can produce when all resources are fully and efficiently utilized.
Circular-flow Diagram
A Circular-Flow Diagram represents an economic model visually demonstrating the movement of money through markets between households and companies.
Financial Assets
Assets that are paper claims on some return or income, such as stocks, bonds, or bank deposits.
Factors Of Production
Elements involved in generating goods and services, such as land, workforce, financial investment, and entrepreneurial skill.
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