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Socioeconomic
Pertaining to the relationship between social and economic elements.
Neo-classical
Pertaining to a 19th and early 20th-century revival of interest in classical economic theories, focusing on marginal utility, distribution of resources, and the roles of supply and demand.
Classical Economic
refers to a school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economic systems, originating mainly from the ideas of Adam Smith.
Concentric
Having a common center, as in circles or spheres that are inside one another.
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