Examlex
Item 2 in the above figure is pointing to a(n) ____.
Individual Choices
The decisions made by individuals based on preferences, income, and prices that determine what goods and services they acquire.
Economic Capability
The ability of an individual, company, or country to produce goods or services efficiently, using available resources and technology.
Equilibrium
A state where market supply and demand balance each other, and, as a result, prices become stable.
University City
An urban area typically dominated by its university population, often featuring a high density of academic, housing, and social infrastructure for students.
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