Examlex
In a parallel circuit, the total current is the sum of the branch currents.
Network Effects
The phenomenon where a product or service becomes more valuable as more people use it.
Social Site
A website or platform where people can share their personal lives, opinions, or participate in networking activities.
Scarce Factor Of Production
An input required for the production process that is in limited supply, potentially constraining output.
Monopoly
A market framework in which there is only one seller offering a distinctive product to the market.
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