Examlex
How does quantitative research contribute to evidence-based practice?
Shift
A change in the position of a demand or supply curve, indicating a change in the quantity demanded or supplied at every price.
Subsidy
Financial aid supplied by the government to an industry or business, with the aim of keeping prices low for consumers or aiding the business to be competitive.
Efficiency Loss
Economic costs that arise when market equilibrium is not achieved, or when resources are not allocated optimally, leading to waste or suboptimal outcomes.
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.
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