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According to purchasing power parity, if the price of a Big Mac is lower in India and China than in Europe, then the currencies of India and China are undervalued.
Property
Refers to legally owned items or assets, including real estate, personal items, and intellectual property.
Compensation
Payment or benefit given to someone, often as a reparation for loss, injury, or suffering.
Private Property
Property owned by individuals or corporations rather than by the government or the public.
Individual
A single human being as distinct from a group, class, or family.
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