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Past Income
The amount of money an individual or entity earned in preceding periods, often used for comparative analysis or financial assessment.
Inheritance
Inheritance involves the passing of assets, properties, and debts from the deceased to their heirs or beneficiaries.
Command Economy
An economic system where the government controls all major aspects of production, investment, and distribution.
Laissez-Faire
An economic theory from the 18th century that is strongly against the government interfering in the marketplace.
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