Examlex
Simplify.
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Substitute Goods
Products or services that can be used in place of each other, having a positive cross-elasticity of demand.
Productive Efficiency
A situation in which a good or service is produced at the lowest possible cost.
Quantity of Goods
The total number of physical units of a product or commodity that are available in the market.
Desired by Society
Pertains to something that is widely regarded as beneficial or needed by the majority of the community or population.
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