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Sketch the graph of .
Clearly Defined
Specifically and unambiguously articulated or delineated.
Private Owner
An individual or entity that legally possesses property or a business and has exclusive rights over its use and distribution.
Economic Significance
The measure of the impact that an event, policy, or market trend has on economic factors such as growth, employment, inflation, and investment.
Exchange Creates Value
The principle that trade between parties can increase the satisfaction of both, thus creating additional value.
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