Examlex
Police patrolling was expected to deter crime by creating a sense of police _______.
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.
Total Benefits
The complete set of advantages, monetary or otherwise, received from the consumption or use of a good or service.
Textile Industry
A sector of the economy focused on the production of yarn, cloth, and clothing, and the various processes involved in the manufacture of textiles.
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