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What causes almost all variation in living standards in different countries?
Fraud
The intentional deception made for personal gain or to damage another individual.
Unilateral Contract
A contract in which one party makes a promise in exchange for an act by another party.
Bilateral Contract
An agreement between two parties where each party makes a promise to the other, with obligations and benefits on both sides.
Express Contract
A contract in which the terms of the agreement are explicitly stated by the parties, either verbally or in writing.
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