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Food deserts exist in both wealthy countries and even across neighborhoods in the same city.
Shortage/Surplus
A market condition where the quantity of a good supplied is not equal to the quantity demanded, with a shortage being a deficit and a surplus being an excess.
Minimum Wage
The lowest legal hourly pay rate that employers can pay to workers.
Recession
A phase of brief economic downturn marked by a decrease in business and manufacturing activities, typically recognized when there's a drop in Gross Domestic Product (GDP) for two consecutive quarters.
Price Ceiling
A government-imposed limit on how high a price can be charged on a product, intended to protect consumers from high prices, but can lead to shortages.