Examlex
Economists use the term ______ to refer to a situation in which the market on its own fails to produce an efficient allocation of resources.
Salaries
Payments made to employees for their services over a specified period, often monthly or biweekly.
Interest
This refers to the cost of borrowing money, expressed as a percentage of the borrowed amount, payable to the lender at a specified rate and time.
Original Investments
The initial amount of money invested in a project or business by its owners or investors.
Net Income
Net income refers to the total earnings of a company once all costs, expenses, and taxes are deducted from its total revenue.
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