Examlex
What term refers to goods and services purchased by the ultimate user for personal use?
Price Floor
A government or regulatory-imposed minimum price that can be charged for a good or service, intended to ensure fair remuneration for producers or to protect consumers from excessively low prices.
Shortage
A situation where demand for a product or service exceeds the supply available at a specific price.
World Price
The international market price of a good, influenced by global supply and demand.
CD-Rom Drives
Hardware devices used to read data stored on CD-ROMs, commonly used for media and software distribution before the digital era.
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