Examlex
The second transition of Gilligan's (1982) focuses on ______.
Circular Flow Model
An economic model illustrating the movement of goods, services, and money between households and businesses in an economy.
Demand
The desire and ability of consumers to purchase goods or services at given prices, playing a critical role in determining market prices and quantities.
Supply
The aggregate availability of a product or service for acquisition at a designated price.
Competition
A market situation in which multiple sellers are trying to sell their product or service to the same buyers, leading to a struggle for market share.
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