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economic division between the wealthy countries of Europe; North America; Japan; and Australia; and the generally poorer countries of Asia; Africa; and Latin America.
(also called the free market system or market capitalism) prices and quantities in the economy...
(in economics) production/earning/spending by citizens of a country no matter what the...
the quantity that producers are willing to produce at a certain price and time.
in trade when a country can produce a good at a lower cost (using fewer resources) than any...