Examlex
Marketers talk of three kinds of expectations.What are they?
Unemployment
The situation in which individuals who are capable of working and willing to work cannot find employment.
Black Market
An illegal traffic or trade in officially controlled or scarce commodities, bypassing governmental regulation or taxation.
Binding Price Floor
A government-imposed price control that sets the minimum price above the equilibrium price, causing a surplus in the market.
Deadweight Loss
An economic inefficiency caused by a deviation from the optimal allocation of resources, often resulting from market distortions like taxes or subsidies.
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