Examlex
In the United States, property occupies a unique status because of the protection expressly granted to it by the Fourth Amendment to the Constitution, which provides that "No person shall be ...deprived of life, liberty, or property without due process of law."
Shortages
Occurrences when the demand for a product or service exceeds its supply in a market, often leading to higher prices and unmet consumer needs.
Equilibrium Price
The market price at which the quantity of a good supplied equals the quantity demanded, leading to a stable market situation.
Government Intervention
Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and more.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in no shortage or surplus.
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