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Deflationary
Pertaining to or causing a decrease in the general price level of goods and services, often leading to increased purchasing power of money.
Bilateral Monopoly
A market structure where a single buyer (monopsony) faces a single seller (monopoly), leading to unique negotiation dynamics for prices and terms of exchange.
Inclusive Union
A labor union that aims to represent a wide variety of workers, regardless of occupation or industry, focusing on broad-based membership and rights.
Perfectly Competitive
A market structure where there are many sellers and buyers, products are homogeneous, and there are no barriers to entry or exit.
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