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economic theory.
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the ideas and priniciples that aim to describe how economies work: Basic economic theory states that if wages are too high, economic growth will suffer. ... a particular idea or principle that aims to describe how an economy works: He disagreed with supply-side economic theories
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the ideas and priniciples that aim to describe how economies work: Basic economic theory states that if wages are too high, economic growth will suffer. ... a particular idea or principle that aims to describe how an economy works: He disagreed with supply-side economic theories
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