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When is a witness with a cognitive or learning disability not competent to give evidence? Under S53 of the YJCEA 1999, are witnesses are presumed to be competent unless it is showin that they are unable to understand the questions put to them and unable to give answers that can be understood.
Market Outcome
The result of all the buying and selling activities on the market prices, quantities sold, and quantities produced of goods and services.
Domestic Price
The price at which goods and services are sold within a country's borders, as opposed to international or export prices.
Subsidy
A benefit given by the government to groups or individuals, usually in the form of a cash payment or tax reduction, to remove some type of burden and is considered to be in the interest of the public.
Consumers
Individuals or entities that purchase goods or services for personal use and not for manufacturing or resale.
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