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Workers' rights provided through union contracts are established
Leakages
Economic terms referring to the outflow of funds from the economy, such as savings, taxes, and imports, that can reduce the impact of investment and government spending.
Domestic Spending
The total spending on goods and services within a country, including both consumer spending and government expenditure.
Circular Flow
An economic model that illustrates the continuous movement of goods, services, and money between households and businesses.
Transfer Payments
Payments made by governments to individuals or groups without requiring any goods or services in return, such as welfare, social security, and subsidies.
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