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Key Terms
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Amritsar massacre
Indifference Curves
Graphical representations in economics showing different combinations of two goods that provide equal satisfaction and utility to a consumer.
Optimal Consumption
The allocation of resources and consumption of goods and services in a way that maximizes an individual's utility or satisfaction.
Loaves
Units or portions of bread, symbolizing basic food items in economic terms or transactions.
Pounds
A unit of weight, often used in the English system of measurement or as a currency in the UK.
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