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The component theory and the opponent theory are theories of
Pre-industrial Societies
Societies characterized by economies based on agriculture, fishing, and hunting, with limited technology and industrial development.
Real GDP
GDP corrected for inflation; actual production.
Worked Hours
The total number of hours spent by employees in performing their job duties within a specific period.
Gross Savings
The total amount of savings generated within an economy, representing the difference between income and consumption.
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