Examlex
The number of protons and electrons in an element's nucleus is called the atomic number of the element.
Accounting Profits
The net earnings of a company as calculated by subtracting total expenses from total revenues, according to standard accounting practices.
Perfect Competitor
A theoretical market structure where many firms sell homogeneous products, entry and exit from the market are free, and all participants have perfect information.
Perfectly Elastic
Perfectly elastic describes a situation where the quantity demanded or supplied changes by an infinite amount in response to any change in price, represented graphically as a horizontal line.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded.
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