Examlex
You must make sure that the public realizes that sentencing an offender to his or her house to complete the sentence is effective and a much cheaper alternative than incarceration.This is also referred to as:
Deadweight Loss
A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unobtainable.
Producer Surplus
The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive.
Wireless Mouse Market
The industry segment that deals with the production, distribution, and sale of wireless mouse devices.
Equilibrium
A state in which market supply and demand balance each other, and as a result, prices become stable.
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