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How did expansion affect Russian ethnicity?
Trade
The action of buying, selling, or exchanging goods and services between people or entities.
Pareto Optimal Allocation
An allocation of resources in which it is impossible to make any individual better off without making at least one individual worse off, indicative of efficiency in resource distribution.
Utility Function
A mathematical representation in economics that defines how consumers rank different bundles of goods based on their levels of satisfaction.
Initial Endowment
The collection of resources, goods, or wealth that an agent starts with before entering into any transactions.
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