Examlex
When does deflation exist in the economy?
Consumers
Individuals or organizations that use economic goods and services produced within an economy.
Firms
Business entities or organizations that produce goods or provide services with the aim of making a profit, often operating within specific industries or markets.
Economic Theory
A set of principles and models that explains how economies operate and how economic agents interact.
Total Profit
The difference between a firm's total revenue and its total costs, indicating the overall financial gain from its business activities.
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