term1 Definition1term2 Definition2term3 Definition3
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Planned Economy
Most decisions about how resources are used ,what is planned, how goods and services or price and allocated,mixed or taken by public sector organizations
Disposable income
Is the amount of income people have left to spend or save after taxes on the income have been deductedPrice elasticity of demand
Nice it was to city of demand (ped)
The responsiveness of quantity demanded to changes in the price of a good or service is known as price elasticity of demand of that product
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