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Identify/define and explain the significance of the following: Joseph II.
Middle-income Households
Families or living units with income levels that fall in the middle range of the overall income distribution, often defined by economic researchers.
Per Capita Income
The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.
Exchange Rates
The worth of one currency when converted into another.
Global Companies
Businesses that operate in multiple countries across the world, facing a wide range of economic, cultural, and regulatory environments.
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