Examlex
Longshore drift occurs only on ocean beaches,not on shorelines of lakes.
Productive Resource
An economic term for the inputs used in the production of goods or services in the attempt to make an economic profit.
Inelastic
Describing a situation where the demand or supply for a good or service is not highly sensitive to changes in price.
Loan Interest
The additional amount paid by a borrower to a lender in exchange for the use of borrowed money, often expressed as an annual percentage rate.
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