Examlex
What are the labels associated with the lowest members of the caste system?
Economic Signals
Indicators or information that guide economic agents in decision-making by reflecting changes in the economy or market conditions.
Consumers
Individuals or groups that purchase goods and services for personal use, not for manufacture or resale.
Efficiency
The state or quality of being capable of producing desired results with a minimum expenditure of energy, time, money, or materials.
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net benefits to society from the production and consumption of goods or services.
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