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According to the discussion in the text on interracial marriage,
Private Interests
Interests or goals that are pursued by individuals or entities for their personal or organizational benefit, rather than for the public good.
Social Interests
The collective welfare or well-being of a community or society as a whole.
Pure Competition
Another term for perfect competition, where a market structure features many buyers and sellers, no barriers to entry, and homogeneous products.
Producer Surplus
The difference between the amount producers are willing to sell a good for and the actual price they receive, representing the producers' benefit.
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