Examlex
The most direct and sometimes the most difficult way to manage conflict is to
Sticky Downward
A situation in economics where prices, especially wages, are resistant to decreasing even in conditions where a decrease would be expected.
Net Taxes
Net taxes are the total taxes paid to the government after subtracting transfers and subsidies received from the government.
Real GDP
The calculation of a nation's economic productivity accounting for variations in prices, such as inflation or deflation, to represent the true worth of its produced goods and services.
Classical Economists
A group of economists in the late 18th and early 19th centuries who believed in the idea of self-regulating markets, emphasizing free competition and minimal government intervention.
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