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Glossary of Economics Terms
beginning with letter V
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vertical
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noun
  1. A vertex or zenith
  2. A vertical geometrical figure; a perpendicular
  3. An individual slat in a set of vertical blinds.
adjective
  1. Describing the set of directions that are perpendicular with the surface of the Earth.
  1. In a two dimensional cartesian co-ordinate system, describing the axis oriented mathematically normal to (perpendicular) the horizontal axis.

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