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When production technology improves, supply increases and the equilibrium
Gross Amount
The total sum before any deductions are made, such as taxes, discounts, or expenses.
Price Escalation
An increase in the price of products or services over time, often due to factors such as inflation or increased costs of materials.
Firm-Fixed-Price
A type of contract where the price agreed upon is not subject to any adjustments based on the cost experience of the supplier or service provider.
Substantial Chance
A significant opportunity or probability of occurrences that can have considerable effects or outcomes.
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