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Identify and describe the five major areas in materials management.
Military Self-Sufficiency
The capability of a country to fulfill its military needs without relying on imports from other countries.
Terms Of Trade
An economic measure of a country's export prices relative to its import prices, indicating the quantity of imports that can be exchanged for a given amount of exports.
Domestic Currency
The official currency issued by a country's central bank or monetary authority, used within the domestic economy.
Production Possibilities Curve
A graphical representation showing the maximum combination of goods or services that can be produced with a fixed amount of resources.
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