Examlex
What advantages did bipedalism confer on our early human ancestors in the savannah environment?
Market Equilibrium
A state in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price for the goods or services.
Production and Consumption
The processes of creating goods and services (production) and using them to satisfy needs and desires (consumption).
Holiday Lighting
The practice of installing lights and other decorative lighting during holidays; not inherently economic but can involve significant expenditure and economic activity.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction.
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