Examlex
Explain what is meant by "derived demand" as it relates to factors of production.
Option Contract
An agreement that gives the holder the choice, but not the obligation, to buy or sell an underlying asset at a set price on or before a certain date.
Foreign Currency
Currency used in a country other than one’s own, reflecting the economic practices and transactions in foreign nations.
Zero Sum Game
A situation in game theory where one participant's gains or losses are exactly balanced by the losses or gains of the other participants.
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