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What is the legacy of colonialism in our world today? Consider the phenomenon of globalization and discuss how colonialism and its after-effects have a continuing impact on our world today.
Marginal Product
The additional output that is produced by using one more unit of a given input.
Vertical Axis
The vertical axis in a graph or chart is the y-axis, representing the quantity or degree of the variable measured.
Capital Market
A financial market in which long-term debt or equity-backed securities are bought and sold, different from the short-term funds seen in the money market.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price.
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