Terms like investment, capital, interest, price and cost have different meanings in economics than they do in
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Terms like ‘investment’, ‘capital’, ‘interest’, ‘price’ and ‘cost’ have different meanings in economics than they do in normal everyday usage. Find out what the differences are and explain why economists might have developed these different meanings.
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In economics terms such as investment capital interest price and cost are used in specific contexts and have distinct meanings compared to their every...View the full answer
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