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Economic Theory
The study of how goods, services, and wealth are produced, distributed, and consumed in society.
Demand
The desire for certain goods or services backed by the ability and willingness to pay for them.
Luxury Goods
High-end items that are not necessary for survival but are desired for their quality, status, or aesthetics.
Doubled Income
A situation where an individual's or entity's income increases to twice its initial amount.
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