Exam (elaborations)
Edexcel A-Level Economics A: Definitions Questions & Correct Answers/ Graded A+
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Absolute advantage : When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty : When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) : The total demand/spending in an economy at a given p...
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