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In the realm of economics, the term basket refining pertains to the method of assessing and analyzing a collection of assets or commodities to derive a comprehensive understanding of value and performance. This concept is particularly relevant in the context of investment portfolios, indices, and price measurements. The basket typically refers to a grouping of related items—be it stocks, commodities, or other financial instruments—while refining suggests the process of fine-tuning these categories to yield more accurate insights.


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