Examlex
A phantom load is a load type that draws a large amount of current, even when the load is "OFF".
Prices
The sum of money needed to buy a product or service.
Efficient Allocation
The optimal distribution of resources in an economy, where resources are utilized in a manner that maximizes societal welfare without any wastage.
Rival in Consumption
A characteristic of a good whereby one person's consumption reduces the availability of the good for another person.
Rival in Consumption
A characteristic of a good whereby its consumption by one individual prevents simultaneous consumption by other individuals.
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