Examlex
Which type of leader has a person orientation rather than a task orientation and tends to assume that workers enjoy autonomy and are willing to accept responsibility?
Diminishing Marginal Returns
A principle in economics where increasing one factor of production, while keeping others constant, will yield lower additional output.
Price Ceiling
A legal maximum price that can be charged for a good or service, typically set by government to protect consumers.
Demand Curve
An image that graphically shows the relationship between an item's selling price and the quantities that consumers are interested in buying.
Consumer Surplus
The economic benefit consumers receive when they pay less for a product or service than what they were willing to pay.
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