Examlex
How can adults help adolescents in their decision making?
Supply and Demand
Fundamental economic concepts describing the relationship between the availability of a product or service (supply) and the desire of buyers for it (demand), which determines the market price.
Fiat Currency
A currency that the government has declared to be legal tender but is not backed by any physical commodity.
Legal Tender
Legal tender is currency that must be accepted if offered in payment of a debt; typically issued and regulated by a government.
Physical Commodity
Tangible goods that are traded, often used as inputs in the production of other goods or services, such as oil, gold, or wheat.
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