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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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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