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The cost of training employees would be classified as an external failure cost.
Loanable Funds
The money available for borrowing in the financial market.
Equilibrium Rate
The price or point at which the quantity of a good or service supplied matches the quantity demanded.
Loanable Funds
The market where savers supply funds for loans to borrowers, often influenced by interest rates.
National Saving
The total amount of savings generated within a country, including both private savings by households and public savings by the government.
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