Examlex
One of the disadvantages of federalism is that it may contribute to conflict among the various levels of government and may hinder efforts to achieve national goals.
Substitutes
Goods that can serve as replacements for one another; when the price of one increases, demand for the other increases.
Elastic Demand
A situation in which the demand for a good or service is sensitive to price changes, meaning a small change in price leads to a significant change in the quantity demanded.
Total Revenue
The total amount of money a company receives from sales of its products or services, calculated by multiplying the price per unit by the number of units sold.
Delicatessen
A retail establishment that sells a selection of fine, unusual, or foreign prepared foods.
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