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Capital Goods
Long-lasting goods that are used in the production of other goods or services, such as machinery, buildings, and equipment.
Consumer Goods
Tangible items produced for personal use by individuals.
Production Possibilities Curve
A graphical representation showing the maximum number of goods or services that can be produced using limited resources efficiently.
Production Possibilities Curve
A graphical representation that shows the maximum amount of two goods that can be produced with available resources and technology.
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