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How did Cold War politics and divisions impact the Middle East?
Entrepreneurial Talent
The specific skills, creativity, and innovation that individuals bring to starting and managing new ventures or businesses.
Forgone Interest
The potential interest earnings lost by choosing to invest capital in one option over an alternative that offers a higher return.
Short-Run Adjustment
The process by which businesses alter their production levels or inputs in response to short-term changes in market conditions.
Local Bakery
A place of business that specializes in producing and selling bread, cakes, and other baked goods to consumers within a specific area.
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