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Gross Domestic Product
The total value of all goods and services produced over a specific time period within a country's borders.
Domestic Production
The creation of goods and services within a country's borders, contributing to its gross domestic product (GDP).
Market-based Economy
An economic system where economic decisions and the pricing of goods and services are largely guided by the interactions of a country's individual citizens and businesses.
Gini Coefficient
A measure of income inequality within a population, ranging from 0 (absolute equality) to 1 (absolute inequality).
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