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Exporting Steel
The process of producing steel in one country and selling it to buyers in another country.
Importing Incense
The process of bringing incense from foreign countries into one's own country for use, resale, or distribution.
Consumer Surplus
The imbalance between what consumers are willing and financially able to invest in a good or service against what they really spend.
Total Surplus
The sum of consumer surplus and producer surplus in a market, measuring the total net benefit to society from the production and consumption of a good or service.
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