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McDonald's and Burger King have production processes that tend to be standardized, and all customers receive similar if not identical products. These organizations are examples of ____.
Exchange
The act of trading goods, services, or financial instruments, which can occur in a physical or virtual marketplace.
Current Account
A segment of a nation's balance of payments that comprises the balance of trade, net primary income, and net secondary income.
Deficit
The amount by which expenses or costs exceed income or revenues, especially in the context of government budgets.
Surplus
A condition where the quantity supplied of a good exceeds the quantity demanded at the current price.
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