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Why do skates and rays have flattened bodies, while sharks are torpedo-shaped?
Consumer Goods
Items produced for direct consumption by the end consumer.
Production Possibilities Curve
An illustrative chart that depicts the optimal mix of two goods or services that can be produced by an economy when it fully and efficiently employs all available resources.
Society's Production
The total output of goods and services produced by all sectors within a society or economy.
Capital Goods
Long-term assets such as machinery, buildings, and equipment purchased by companies to produce goods and services.
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