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The System of Writing Developed by Early Greeks Using Letters

question 24

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The system of writing developed by early Greeks using letters to represent spoken sounds,enabling the expression of complex ideas,is called


Definitions:

Excess Goods

Products that exceed the demand in the market, often leading to surplus and potential waste.

Perfect Substitutes

Two goods that could be used in place of one another with no loss of utility to the consumer.

Utility Function

A mathematical representation of how different combinations of goods or services produce varying levels of satisfaction or utility to a consumer.

Commodities

Fundamental commodities traded in business that can be exchanged with others of alike kind.

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