Examlex
What is a type of mediation that refers to the creation of new kinds of intermediaries that simply could not have existed before the advent of ebusiness?
Diamond
A precious gemstone formed under high temperature and pressure conditions, often used in jewelry and industrial applications, not primarily an economic term unless discussing market dynamics.
Market Outcomes
The final results of all the buying and selling interactions between consumers and firms in a particular market.
Market Failure
A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.
Market Inequalities
Disparities that exist within the economic market system, often reflecting differences in wealth, income, and access to resources.
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