Examlex
The event preceding Gorbachev's exit from Soviet political life was the ________.
Good
A material item or service that satisfies a need or desire and is available for purchase or trade.
Demand-Side
Economic policies or concepts focused on increasing demand for goods and services as a way to stimulate economic growth.
Market Failures
Situations where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.
Shortage
The amount by which the quantity demanded of a product exceeds the quantity supplied at a particular (below-equilibrium) price.
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