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Best customer last is a queue discipline discussed in the textbook.
Deflation
A reduction in the overall price of products and services, frequently linked with a rise in the value of currency.
Recession Of 2001
A period of temporary economic decline during which trade and industrial activity were reduced, marked particularly by the bursting of the dot-com bubble.
Endogenous Factors
Internal factors that originate within an economic system or model and determine its behavior and state.
Exogenous Factors
External influences that can cause changes in an economic system, outside of the system’s control.
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