Examlex
Which of the following is NOT a step in the Merit Plan selection process?
Supply
The total amount of a specific good or service that is available to consumers at a given price level and over a specific period.
Positive Externalities
Benefits received by third parties who are not directly involved in a transaction or activity, leading to potentially under-produced goods or services in a free market.
Market Equilibrium
The state in which market supply and demand balance each other, resulting in stable prices.
Social Value
The importance or worth of something in terms of its contribution to society or the community.
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