Examlex
Federalism checks the growth of tyranny because when one political party loses control of the national government, it is still likely to hold office in a number of states and can continue to challenge the party in power at the national level.
Price Floor
A government- or authority-imposed minimum price that can be charged for a good or service, typically above the equilibrium market price to maintain a fair or sustainable market condition.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.
Equilibrium Price
The price at which the quantity of goods demanded equals the quantity of goods supplied, leading to market balance.
Brings Together
Describes the act of gathering or assembling people, items, or ideas in one location or conceptual framework.
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