Examlex
It is possible for people engaged in illegal activities to be genuine victims deserving of protection and redress through the courts.
Government Intervention
Actions taken by the government to influence or directly regulate economic activity, markets, or distribution of resources.
Price Ceiling
A legal maximum on the price at which a good can be sold.
Producer Surplus
The difference between what producers are willing to sell a good for and the actual price they receive.
Excess Demand
A situation where the quantity demanded of a good or service exceeds its quantity supplied at a particular price.
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