Examlex
Innovation that targets new markets with existing technologies is known as disruptive innovation.
Supply Curve
A graph showing the relationship between the price of a good or service and the amount of it that suppliers are willing to offer for sale at each price level.
Law Of Demand
The principle that, other things equal, an increase in a product’s price will reduce the quantity of it demanded, and conversely for a decrease in price.
Government Subsidy
Financial support provided by a government to individuals, businesses, or other governmental entities to support economic activities deemed beneficial.
Product Supply
Product supply refers to the total quantity of a product that producers are willing and able to sell at a given price over a specific period of time.
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