Examlex
What moves beyond Excel graphs and charts into sophisticated analysis techniques such as pie charts, controls, instruments, maps, time-series graphs, and more?
Producer Surplus
The divergence between the price at which sellers are ready to offer a good or service and the price they actually obtain.
Economic Efficiency
A state in which resources are allocated in a way that maximizes the total benefit received by society from those resources.
Consumer Surplus
The divergence between the price consumers are willing to pay and what they really spend on a good or service.
Floor Price
The minimum price set by regulation, often by the government, below which a commodity cannot legally be sold in the market.
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