Examlex
Discuss advantages and disadvantages of digital audio broadcasting.
World Price
The price at which goods trade on the international market, reflecting the global balance of supply and demand for those goods.
Import
Goods or services that come into a country from abroad for sale.
Consumer Surplus
The difference between the maximum price a consumer is willing to pay for a product and the actual price they do pay.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to market prices being higher.
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