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Explain Briefly What Will Likely Happen to Society If It

question 201

Essay

Explain briefly what will likely happen to society if it chooses to produce more capital goods and fewer consumption goods.


Definitions:

Mixture

A substance made by combining two or more different materials without chemical bonding or other chemical changes, so that each material retains its own properties.

Pounds

A unit of weight commonly used in the United States and the British imperial system, equivalent to 0.453592 kilograms.

Consistent

In the context of systems of equations, a property indicating that the system has at least one solution.

Inconsistent

Describes a system of equations that has no solution because the equations represent parallel lines which never intersect.

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