Examlex
Engineering strain is computed as:
Market System
A market system is an economic system where prices and the distribution of goods and services are determined by supply and demand in a competitive market.
Goods and Services
The physical items (goods) and actions or activities (services) that people produce and consume to satisfy their needs and wants.
Willing and Able
Refers to a consumer's readiness and capacity to purchase goods or services at a given price level.
Market System
An economic system in which economic decisions and the pricing of goods and services are guided by the interactions of citizens and businesses.
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