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McGrew and Flanagan Based Their Definitions of Many of the Broad

question 3

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McGrew and Flanagan based their definitions of many of the broad and narrow abilities on the writings of


Definitions:

Ration Coupons

Documents or digital vouchers that allow the holder to purchase a certain amount of a product, often used by governments in times of shortage to ensure equitable distribution.

Right to Purchase

The option or privilege given to an individual or entity to buy something at a predetermined price within a specific time frame.

Price System

The mechanism whereby the prices of goods and services are determined in a free market economy, primarily through the interaction of supply and demand.

Allocation of Resources

The process of distributing available resources among various uses in an economy to meet the needs and desires of individuals and entities.

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