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List and Briefly Describe the Four Fundamental Assumptions of Free-Market

question 74

Essay

List and briefly describe the four fundamental assumptions of free-market economics.


Definitions:

Apical Meristem

A region of plant tissue, found at the tips of roots and shoots, responsible for primary growth.

Woody Bark

The tough, protective outer layer of a woody plant or tree, consisting of dead cells and providing support and protection.

Monocots

Plants that have a single embryonic leaf, or cotyledon, in their seeds, distinguishing them from dicots.

Cotyledons

The embryonic leaf in seed-bearing plants, one or more of which are the first to appear from a germinating seed.

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