Examlex
Why does direct observation typically lead to a qualitative rather than quantitative use of the data?
Permanent Shortage
Permanent Shortage refers to a situation where the demand for a good or service persistently exceeds its supply, often due to structural issues within the market or supply chain.
Temporary Shortage
A situation where the demand for a product or service exceeds its supply in a short-term period.
Quantity Demanded
The aggregate quantity of a product or service that buyers are ready to buy at a particular price point.
Quantity Supplied
The quantity of a commodity that producers are willing and able to sell at a particular price over a specified period of time.
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