Examlex
In real business cycle theories, changes in tastes are most frequently assumed to be the reason for changes in potential GDP.
Sellers' Ratings
Evaluations or scores given to sellers based on their performance, product quality, and customer service, often found on e-commerce platforms.
Asymmetric Information
A situation in which one party in a transaction has more or superior information than the other, leading to an imbalance in the transaction.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.
Producer Surplus
The difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting producers' benefit.
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