Examlex
List and discuss the characteristics of various types of financial markets.
Opportunity Cost
The financial impact of bypassing the subsequent top alternative during decision-making.
Trade
The exchange of goods or services between parties.
Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, known for his theories on free markets.
1776
The year marked by the Declaration of Independence of the United States, symbolizing a significant historical event rather than an economic term.
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