Examlex
Why are banks able to offer funds more cheaply to many borrowers than can financial markets?
Economic Model
A simplified representation of economic processes used to predict economic behaviors.
Productive
Being productive pertains to the capacity or efficiency of producing a considerable amount or result, typically in the context of economic goods and services.
Benefit From Trade
The advantage gained by countries, firms, or individuals from engaging in exchange, usually resulting in access to a wider variety of goods or services at lower costs.
Opportunity Cost
The monetary loss of relinquishing the best subsequent option upon deciding.
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