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Average monthly inflation rate of more than 50%.
Hyperinflation is terrible for the local currency.

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Process of converting government-owned businesses to private ownership.

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Arises when a single supplier is more efficient than multiple, competing ones.
Having a natural monopoly just happens when you're better than the rest.

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Handful of competitors selling products that can be similar or different.
Cell phone services are Oligopoly.

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Many competitors selling differentiated products.
There are numerous brands that sell cookies, they are monopolistic.

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Movement designed to help goods and services flow freely across international borders.
In some countries, free trade is restricted.

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Measurable characteristics of a population.
The demographics of the United States major cities are drastically different.

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Study of smaller economic units.
Microeconomics.
Microeconomics studies smaller, economic dynamics.

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Study of a country's overall economic dynamic.
The macroeconomics of larger countries is much more diverse than smaller countries.

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Rate at which new products move from conception to commercialization.
Companies with good speed-to-market have lots of new items flying off the conveyor belt.