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What are the approximate wavelengths of tsunami waves?
Circular-Flow Diagram
An illustrative depiction of the economy demonstrating the circulation of currency among markets, households, and companies.
Firms
Firms are business organizations engaged in industrial, commercial, or professional activities, aiming to generate profits.
Circular Flow Model
An economic model that depicts the continuous flow of money, goods, services, and factors of production between households and businesses in an economy.
Economy
An arrangement for creating, distributing, and using goods and services within a specified geographic region.
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