Examlex
In general, explain the paralegal role in ADR processes.
Buyer Surplus
The difference between what consumers are willing to pay for a good or service versus what they actually pay.
Seller Surplus
The difference between the actual selling price of a good and the seller's minimum acceptable price.
Market Distortions
Economic situations caused by inefficiencies or interventions that lead to prices not reflecting true supply and demand.
Wealth Creating
Wealth creating refers to the process or actions that contribute to generating financial profit or increasing economic value for individuals, businesses, or economies.
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