Examlex
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Financial Crisis
A broad term for a variety of situations in which some financial assets suddenly lose a large part of their nominal value, often leading to a collapse of markets and economies.
Economic Model
A simplified representation of reality used to analyze and predict economic behaviors and outcomes.
Opportunity Costs
Refers to the benefits or gains a person or organization misses out on when choosing one alternative over another.
Consumer Goods
Products bought and used by consumers rather than by manufacturers for producing other goods.
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