Examlex
What is the composition of the thickest layer of Jupiter?
World Price
The global equilibrium price of a good or service determined by worldwide supply and demand.
Consumer Surplus
Consumer surplus refers to the difference between what consumers are willing to pay for a good or service and what they actually pay.
Producer Surplus
The difference between what producers are willing to accept for a product versus what they actually receive, usually seen as a measure of producer welfare.
Export Sector
The part of a country's economy that is involved in producing goods and services for sale in foreign markets.
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