Examlex
Each year, Miguel Guerra constructs a personal balance sheet to determine his
Real Flows
In economic terms, the exchange of goods, services, and inputs between households and firms, as opposed to financial flows which involve money.
Money Flows
The movement of money into and out of an entity or market, often analyzed to predict economic conditions or market trends.
Invisible Hand
A term introduced by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests benefit society as a whole.
Competition
The rivalry among businesses to attract customers, which can lead to improved quality, lower prices, and innovation.
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