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Describe the stratosphere,including elevation,composition,and lapse rate.
Price Elasticity
Evaluating how price changes for a good translate into variations in consumer interest.
Cost of Entry
The initial capital and expenses required to start a business or enter a market.
Economies of Scale
The cost advantage achieved by an enterprise when production becomes efficient, as the scale of the operation increases.
Essential Resource
Is a resource that is necessary for the survival of an economy or ecosystem, often including items like water, air, and food.
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