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Economic Growth
An increase in the capacity of an economy to produce goods and services, compared from one period of time to another, typically measured by the gross domestic product (GDP).
Import-substitution Strategies
Economic policies and practices aimed at replacing foreign imports with domestic production.
Economists
Professionals specialized in the study of economics, focusing on the production, distribution, and consumption of goods and services.
Economic Development
The process of improving economic well-being and quality of life through economic growth, creation of jobs, and the implementation of social and technological advancements.
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