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What Is Duverger's Law and Why Is It So Important

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What is Duverger's Law and why is it so important in American politics?


Definitions:

Cash Available

The amount of liquid assets that are readily available for use by a company or individual.

Retained Earnings

Retained Earnings refer to the portion of net income that a company keeps after paying out dividends to its shareholders, which is then reinvested in the business or used to pay off debt.

Prior Period

A term referring to the financial events or conditions from a previous accounting period.

Cash Dividend

A cash dividend is a payment made by a company out of its earnings to shareholders, usually in the form of cash.

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