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If We Are Studying Two Societies in Relation to Their

question 26

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If we are studying two societies in relation to their views on prostitution and we find that in one,prostitution is legal and in the other,it is not,the social system or institution that we are examining is


Definitions:

Overall

Encompassing everything or in general; a term not specific to economics but often used to imply a holistic or comprehensive perspective.

Substantially

To a great or significant extent, often used to signify the importance, size, or degree of something.

Positive Trade Balance

A situation where the value of a country's exports exceeds the value of its imports, also known as a trade surplus.

Merchandise

Goods produced for the purpose of being sold, typically referred to in the context of retail sales and trade.

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