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David Ricardo
A British economist known for his contributions to classical economics, especially his theory of comparative advantage in trade.
Supply and Demand
Fundamental economic concepts describing the relationship between the availability of products and the desires of consumers, dictating the price of goods and services.
Compound Interest
Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.
Truth in Lending Act
A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and costs.
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