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The Paris Commune (1871)
Product Scarcities
Situations where the supply of a product is insufficient to meet demand, often leading to increased prices and competition for available stock.
Private Property
Private property refers to the rights individuals or organizations have to own, use, and dispose of land, buildings, goods, or intellectual property privately, without interference from the government.
Innovation
The first commercially successful introduction of a new product, use of a new method of production, or creation of a new form of business organization.
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