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In Buddhism, the final stage of enlightenment reached through meditation and "right mindfulness" is described as the "blowing out" of all karmic traces of past lives, thus achieving an uncluttered state of calm non-attached "nothingness" or ________.
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity demanded for it at those prices, typically downward sloping.
Law of Diminishing
A principle that states the incremental utility or benefit gained from consuming additional units of a good or service tends to decrease with each additional unit consumed.
Marginal Utility
The additional utility, or satisfaction, derived from consuming an additional unit of a good.
Public Policy
Encompasses laws, regulations, and government actions designed to address certain societal issues or objectives.
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