Examlex
____________ helps agencies convey a commitment to unbiased policing.
Licensing Suppliers
The process by which a business grants other businesses permission to manufacture its product or provide its service in exchange for a fee or royalty.
Price Floor
A government-imposed minimum price that can be charged for a commodity, above what would be set by market forces, to ensure that producers receive a minimum income.
Equilibrium Price
The price in the market where the amount of products offered matches the amount of products consumers want to buy.
Quota Rent
Quota Rent is the economic rent a producer earns from the difference between the domestic price and the world price due to a quota system limiting imports.
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