Examlex
Using a multidivisional structure violates the unity of command principle.
Law of Demand
A fundamental economic principle stating that as the price of a product decreases, demand for it usually increases, and vice versa.
Surpluses
Situations in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.
Market Prices
Refers to the specific values at which commodities, securities, or services are traded in a competitive marketplace.
Shortages
Occur when the demand for a good or service exceeds its supply in a given market, often leading to price increases.
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