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Goods and Services
Refers to the physical products and intangible benefits that fulfill the needs or wants of consumers.
Surplus
The condition when supply exceeds demand, leading to excess goods or services being available.
White Water Rafting
A recreational outdoor activity which uses an inflatable raft to navigate a river or other body of water with varying degrees of rough water.
Unit Cost
Unit cost is the total expenditure incurred to produce, store, and sell one unit of a product or service, including both fixed and variable costs.
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