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How are these three coefficients related mathematically?
Five-Year Plan
Typically a government plan for economic development over a five-year period, aimed at achieving specified goals in sectors like industry, agriculture, and technology.
Fascist Economies
Economic systems under fascist regimes characterized by strong governmental control over private sector activities, often involving significant collaboration between the state and large businesses.
External Cost
Costs that are not borne by the parties involved in an economic transaction, often imposed on others in the form of environmental pollution or other negative side effects.
Market Failure
A situation in which the allocation of goods and services is not efficient, often leading to a net social welfare loss.
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