Examlex
Briefly explain why Plato is in favor of a meritocracy. What do you make of his claims? What would be some possible advantages and disadvantages of a meritocracy?
Price
The sum of money anticipated, needed, or provided as compensation for something.
Price of Rice
The cost at which rice is sold, influenced by factors such as supply, demand, quality, and market conditions.
Demand Shift
A change in consumer desire that moves the demand curve to the right (increase) or left (decrease) in a market.
Negative Profits
A financial condition also known as losses, occurring when a company's expenses exceed its revenues.
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