Examlex
The handling of discipline and discharge cases by arbitrators has resulted in a significant modification to the doctrine of residual management rights.
Quantity Demanded
The complete volume of a good or service that individuals intend to acquire at a predetermined price within a set period.
Shortage
A situation in which the demand for a good or service exceeds its supply in a market.
Surplus
An excess of income or assets over expenditure or liabilities in a given period, indicating financial health.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product or service, typically used to control costs for essential items like food and rent.
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