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Define triple point.
Developing Countries
Nations with lower levels of industrialization, lower living standards, and higher rates of poverty and economic hardship compared to developed countries.
Misallocation
Refers to an inefficient distribution of resources in a market or economy, often leading to suboptimal outcomes.
Agricultural Resources
The inputs used in the cultivation of crops and the rearing of animals for food, fibers, and other agricultural products.
World Agricultural Prices
The international prices for agricultural products, influenced by factors such as supply, demand, and political events.
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