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What is the difference between folkways and mores?
Great Recession
A severe global economic downturn that began in 2007 and lasted until 2009, marked by high unemployment and significant financial instability.
Opportunity Cost
The concept of opportunity cost represents the benefits a person or business misses out on when choosing one alternative over another.
Speculative Motive
The desire to hold cash or assets in anticipation of making gains based on future price movements.
Economic Conditions
The state of a country's economy, including factors like unemployment, inflation, and GDP growth.
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