Examlex
The budget deficit is equal to government spending plus tax revenue.
Market Value
The present cost at which a good or service is available for purchase or sale in a marketplace.
Offer
A proposal by a party to enter into a contract with another party, specifying the terms by which they are willing to engage in a transaction.
Business Entity Concept
An accounting principle that treats a company as an entity separate from its owners or shareholders for recording and reporting purposes.
Economic Unit
An individual, company, or country engaging in economic activities, considered as a single entity in analyses.
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