Examlex
Many couples work outside the home and also have a family. What can parents do in order to be sure they do not shortchange their children?
Surplus
The situation in which the quantity of a good produced exceeds the quantity demanded, often leading to a decrease in prices.
Production
The method of producing products and services by merging work, materials, and technology.
Inefficient Allocations
Situations where resources are not optimally distributed, often leading to waste or unmet potential within an economy or system.
Price Ceilings
A cap set by the government on the maximum price that can be asked for a good, service, or resource.
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