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A Simple Example of a Repetition Control Structure Is the If...else

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A simple example of a repetition control structure is the if...else command.​


Definitions:

Market System Characteristics

Features distinctive to market economies, such as private property, profit motive, consumer sovereignty, and competition.

Specialization

The concentration of the productive efforts of individuals or firms on a limited number of activities, leading to increased efficiency.

Production

The process of creating goods or services by combining various inputs like labor, materials, and technology.

Hyperinflation

An extremely high rate of inflation, usually defined as an inflation rate in excess of 50 percent per month.

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