Examlex
A rule,practice,preference or restriction that on its face treats a person differently or unequally based on a prohibited ground of discrimination is ____________.
Long-Run Equilibrium
A state in economic theory where all factors of production are fully adjustable, allowing for optimal resource allocation and full competition.
Increasing-Cost Industry
An industry in which production costs increase as the entire market expands production, often due to finite resources.
Long-Run Equilibrium
A state in which all inputs are variable, enabling firms to make adjustments to output and prices to reach a point where no firm desires to change its production or exit the market.
Increasing Cost Industry
An industry in which production costs increase as output expands, often due to limited resources or other constraints.
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