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Economist
A professional or expert in economics, studying the production, distribution, and consumption of goods and services.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
Price-taker Market
A market situation where buyers and sellers accept the prevailing market price as they individually have no influence over it.
Short-run Market Supply
The total quantity of a good that producers are willing and able to sell at a given price over a short period.
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