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Mahmud II did away with the ____________________ corps, banned ____________________ brotherhoods and seized funds from the ulama.
Utility Functions
Mathematical representations describing the level of satisfaction or utility that a consumer derives from consuming a good or combination of goods.
Equilibrium
A state of balance in a market, where demand equals supply, and economic forces are at rest.
Welfare Economics
Normative evaluation of markets and economic policy.
Equilibrium
A state in which market supply and demand balance each other, resulting in stable prices and quantities.
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