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Edward Gibbon studied the question of, "why did Rome last so long?"
Marginal Analysis
An examination of the benefits and costs of one additional unit of change.
Economic Individuals
Persons or entities that make decisions to maximize satisfaction or profits, based on the principles of economics.
Bit More
A small additional amount or degree.
Opportunity Cost
The trade-off of not seizing the next most favorable opportunity when faced with a decision.
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