Please Define the Following Key Terms

question 39

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-the idand the ego

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.

Bid-ask Spread

The gap between the maximum price a buyer is ready to offer (bid) and the minimum price a seller agrees to sell (ask) for an asset.

Market Maker

A firm or individual that actively quotes both a buy and sell price in a financial market, providing liquidity and facilitating trading.

Total Profit

The overall financial gain made by a business after subtracting all costs from the total revenue.