Examlex
Fiscal policy has a short implementation lag compared to monetary policy.
Marginal Cost
Is the increase in total cost that arises from producing one additional unit of a good or service.
Ruthlessly Efficient
Operating with extreme efficiency, often at the expense of other considerations such as employee welfare or ethical considerations.
Recognizable Brand Name
A brand name that is widely known among the public and is easily recalled or recognized due to its reputation or marketing.
Monopoly Power
Refers to the ability of a firm or entity to control the market price and output of a product or service, due to lack of competition.
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