Examlex
In order for a court to recognize a contract as a binding agreement between the contracting parties,there must be clear evidence of each party having given something of value in exchange for receiving something of value.
Derived Demand
The demand for a good or service that arises from the demand for another good or service. For example, the demand for steel is derived from the demand for automobiles.
Margarine
A spread used for flavoring, baking, and cooking that is made from vegetable oils and is considered a butter substitute.
Resource Demand
The demand for inputs necessary for the production of goods and services.
MRP
MRP, or Marginal Revenue Product, quantifies the added value generated by employing an additional unit of input in the production process.
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