Examlex
Sudden Infant Death Syndrome (SIDS) is the most common cause of death during the first year, and most of these deaths occur between 2 and 5 months of age.
Substitute
A good or service that can replace another to satisfy similar needs or desires, often leading to competition between producers.
Consumer Surplus
The divergence between what consumers are willing to pay for a product or service and the actual payment they make.
Supply Curve
A visual display mapping out the link between how much of a good is supplied and its price.
Efficiency
The extent to which resources are used in the most effective way to produce goods and services, minimizing waste.
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