Examlex
Risk factors for cardiovascular disease in old age remain the same as in younger adults except that the factors have _____ in old age.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved due to market inefficiencies.
Consumer Surplus
The difference in planned versus actual spending by consumers on a good or service.
Price Discrimination
A pricing strategy where a firm charges different prices for the same product or service to different consumers, based on their ability to pay, in order to maximize profits.
Privatizing
The act of moving control and ownership from the government to private entities, including businesses, enterprises, agencies, or public services.
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