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According to Sowell, cultural differences between groups can be attributed to
Production
The method of producing goods and services by mixing labor, materials, and technology.
Savings
Money set aside from current income for future use, often to accumulate wealth or for specific future expenditures.
Monetarism
A school of thought that emphasizes the role of governments in controlling the amount of money in circulation to influence the economy.
Proponent
An advocate or supporter of a particular idea, policy, or project.
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