Examlex
What are possible explanations of the democratic peace from a liberal perspective?
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.
Supply
The total amount of a product or service available for purchase at any specified price.
Firms
Business organizations engaged in commercial, industrial, or professional activities, aiming to earn a profit.
Profit-Maximizing Output
The level of production at which a firm achieves the maximum possible profits, considering its costs of production and the market price of its goods or services.
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