Examlex
How did financial regulation affect bank lending in the 1980s?
Allocate Resources
The process of distributing available resources, such as labor, capital, and land, among various uses to fulfill societal needs and wants.
Consumer Surplus
The deviation between the monetary amount consumers are willing to pay for a good or service and the monetary amount they actually pay.
Consumer Surplus
The difference between the maximum price a consumer is willing to pay and the actual price they do pay.
Consumer Surplus
The economic benefit enjoyed by consumers when they pay less for a product than what they were prepared to pay.
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