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Which theorist adopted the most biological view of development?
Market Economy
An economic system where supply and demand determine the production and distribution of goods and services.
Basic Economic Questions
Fundamental questions addressing what to produce, how to produce, and for whom to produce in an economy.
Income
The financial gain or money received by an individual or entity, typically through wages, investments, or sales.
Economic Organization
The structured and systematic arrangement of economic activities and resource allocations within a society or among participants in the economy.
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