Examlex
In a passive solar heating system, the building is the system.
Foreign Competition
refers to the competitive pressure that domestic companies face from companies located in other countries.
Elastic Demand
A situation where the quantity demanded of a product changes significantly in response to changes in its price.
Competitive Levels
The degrees of competition within a market, characterized by the number of firms, product differentiation, and market entry or exit barriers.
Nonunion Firms
Companies where the workforce is not represented by a labor union, which may affect wage levels, benefits, and working conditions.
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