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Describe briefly the character and operation of early Germanic kingship.
Net Profits
The amount of money remaining after all operating expenses, taxes, and dividends have been deducted from total revenue.
Goods and Services
These are the products and activities that are available for purchase by consumers, including tangible items and intangible services.
Labor Supply
The total hours of work that workers are willing and able to provide at a given wage rate in a certain period.
Unit Elastic
Describes a supply or demand curve where a given percentage change in price causes an equal percentage change in the quantity demanded or supplied.