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What is a conventional oil reserve? How does the distribution of conventional oil reserves impact relationships between countries?
Product Markets
Markets where final goods or services are offered to consumers, businesses, and the government.
Economic Decision Makers
Individuals or entities that make choices regarding the allocation of resources and the consumption of goods and services.
Profit
The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.
Payment
The act of transferring money or its equivalent in return for goods, services, or fulfilling an obligation.
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