Examlex
A disadvantage of training is that it makes the new employee dependent on the supervisor and makes it hard for the employee to adapt to changes in the workplace.
Market Price
The going rate for an asset or service to be acquired or disposed of in the marketplace.
Equilibrium Price
The price at which the quantity of a good demanded by consumers balances the quantity supplied by producers, resulting in a stable market condition.
Suppliers
Businesses or individuals that provide goods or services to another entity, often in exchange for monetary compensation.
Surpluses
Occurs when the quantity supplied of a product exceeds the quantity demanded, often leading to a drop in prices.
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