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Between 1800 and 1880,London's Population

question 15

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Between 1800 and 1880,London's population


Definitions:

Equality

The state of being equal, especially in status, rights, opportunities, or distribution of wealth.

Efficiency

In economic terms, this refers to the optimal production and allocation of resources to maximize output with the least waste.

Scarce Resources

Limited resources which are not enough to satisfy the unlimited wants of people.

Opportunity Cost

The price of discounting the second most appealing alternative when engaging in decision-making.

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