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Identify/define and explain the significance of the following: St.Helena.
Economic Pie
A metaphorical term indicating the total amount of wealth or resources available for distribution within an economy.
Efficiency
Refers to the ability to achieve a desired result without wasting materials, time, or energy.
Equality
The circumstance in which all individuals possess identical opportunities, rights, and standing.
Opportunity Cost
The cost of the next best alternative foregone as a result of making a decision.
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