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ECONOMIC: Relating to economics or the study of the economy. This word is commonly added to other terms to emphasize its importance to economics. A few examples are economic cost, economic profit, economic goal, economic policies, and economic thinking.
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PRIVATE SECTOR The combination of households and businesses into a single group. It is termed the private sector to indicate that decisions are made by private individuals (either consumers or producers) in pursuit of their personal self-interests. The contrasting phrase is public sector, in which decisions are made by governments on behalf of the public.
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The first U.S. fire insurance company was established by Benjamin Franklin in 1752 in Philadelphia.
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"I don't know the key to success, but the key to failure is trying to please everybody. " -- Bill Cosby
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BLUE
Best Linear Unbiased Estimator
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