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French Government
The political system of France, characterized by semi-presidential system with a division of powers between the president, the parliament, and the government.
Salt Monopoly
A situation where a single entity controls the supply and pricing of salt, historically seen as a strategic control over a vital commodity.
Economic Profits
Profits earned by a firm or individual in excess of the opportunity costs of all resources used to generate those profits, representing returns beyond the normal profit level.
Pure Competition
A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and easy entry and exit from the market.
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