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Describe the key features of European mercantilism.
Installment Plan
A payment method that allows consumers to pay for goods or services with a series of monthly payments until the total debt is paid.
Necessaries
Items or services deemed essential for an individual’s subsistence and well-being, such as food, shelter, and medical care.
Disaffirmance
The right to reject or void a contract or agreement, typically used in context with minors and certain agreements.
Prevailing View
The most widely accepted perspective or opinion on a particular issue within a relevant community or field.
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