Examlex
Which of the following is the main reason for the fact that hydroelectric power plants are far more efficient than coal- fired electric power plants?
Market System
A market system is an economic system in which decisions regarding investment, production, and distribution are based on supply and demand.
Circular Flow Model
An economic model that depicts how money and products move through an economy, showing the interactions between households and businesses.
Resource Markets
Markets where productive resources (like labor, capital, and raw materials) are bought and sold.
Products
Goods or services that are created through a process of production and offered in the market to satisfy consumer needs or wants.
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