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EDUCATION: An increase in the knowledge or skills processed by people. Education is generally view from a "formal" perspective, in which "students" sit in classrooms attuned to enthralling lectures from teachers before they are forced to reveal their education through exams. Education, however, can be much less formal, acquired on the job or through the real word experiences. An important economic aspect of is how it enhances the productivity of labor by increasing human capital. Education, in fact, has been one of the prime sources of economic growth and improved living standards.

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SAVING LINE

A graphical depiction of the relation between household sector saving and income. The saving line is closely related to the consumption line that forms one of the key building blocks for Keynesian economics. A saving line is characterized by vertical intercept, which indicates autonomous saving, and slope, which is the marginal propensity to save and indicates induced saving. The injections-leakages model used in Keynesian economics is based on the saving line.

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Today, you are likely to spend a great deal of time flipping through mail order catalogs seeking to buy either a rim for your spare tire or decorative celebrity figurines. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
"The only profit center is the customer."

-- Peter Drucker, educator

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