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Cody is visiting his pen pal in a tropical,non-industrialized village.Cody is likely to find that the inhabitants of the village
Monopolist
An individual or entity that holds exclusive control over the supply of a particular good or service, potentially manipulating market conditions.
Consuming Units
Entities, typically individuals or households, that use goods and services for personal needs or wants.
Households
The consuming units in an economy.
Factors Of Production
The inputs used in the creation of goods or services; traditionally includes land, labor, capital, and entrepreneurship.
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