Examlex
What are spring tides?
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.
Economic Factors
Variables and conditions affecting an economy’s performance, such as inflation rates, interest rates, employment levels, and gross domestic product (GDP).
Demand Uncertainty
The unpredictability of customer demand, making it difficult for businesses to accurately forecast sales.
Price Uncertainty
Refers to the fluctuation in the prices of goods or services in a market, which can be due to various factors including demand, supply, and external economic conditions.
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