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What was the "domino theory"?
Output
In economics, output refers to the total amount of goods and services produced by an economic system or entity.
Imperfect Competitor
An entity in a market that cannot dictate the prices of its goods or services due to the presence of competition, contrary to a monopoly.
Regional
Pertaining to or characteristic of a specific geographic area or division, often considered in terms of economic, political, or cultural distinctions.
Local Levels
Pertains to activities, governance, or administration executed at a community, town, or city scale, focusing on the immediate geographical area.
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