Examlex
An economic model is a simplified version of reality used to analyze real-world economic situations.
Forgo
To give up or abstain from something. In economic terms, this often refers to the opportunity cost of choosing one option over another.
Budget
An estimate of income and expenditure for a set period, often used by governments, organizations, or individuals to plan financial operations.
Bananas
A widely consumed fruit, grown in tropical regions, known for its high potassium content.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on.
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