Examlex
What is the status of the doctrine of privity today?
Literacy Rate
The percentage of people within a population who have the ability to read and write.
Production Possibilities Curve
A graphical representation that shows the maximum number of goods or services that can be produced within an economy given available resources and technology.
Full Employment
A situation in which everyone who wants to work can find employment at prevailing wage rates.
Serious Recession
A drastic downturn in economic activity across the economy that lasts for an extended period, often characterized by significant declines in GDP and other economic indicators.
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