Examlex
Virtually all of the demographic surveys and surveillance systems administered in developing countries are paid for by governments in richer countries. What is the advantage to richer countries of helping less-rich countries to collect demographic data?
Producer Surplus
The difference between the amount that a producer is actually paid for a good compared to the minimum amount they would be willing to accept for the good.
Elasticity of Demand
A measure of how much the demand for a product changes in response to a change in the price of that product.
Deadweight Loss
The inefficiency in economics that emerges when there is a failure to achieve or an inability to achieve equilibrium for any good or service.
Bread
A staple food made from dough of flour and water, usually by baking, and a common component of many diets worldwide.
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