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A market system:
Middle Term
The term that appears in both premises of a standard syllogism but not in the conclusion, acting as a link in deductive reasoning.
Major Premise
The first proposition in a syllogism, from which a conclusion is drawn, typically a general statement.
Minor Premise
The second proposition in a syllogism, from which along with the major premise the conclusion is derived.
Categorical Syllogism
A logical argument that derives a conclusion from two statements, asserting or denying something about a category.
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