Examlex
The successful completion of an event being imagined before even competing an event is:
Budget Deficit
The financial situation where a government's expenditures exceed its revenues in a given fiscal period, leading to borrowing or debt accumulation.
Nominal GDP
The production of goods and services valued at current prices.
Sustainable
The quality of not being harmful to the environment or depleting natural resources, thereby supporting long-term ecological balance.
Substitution Effect
The change in consumption patterns due to a change in relative prices, where consumers substitute away from more expensive goods towards cheaper ones.
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