Examlex
Streamlining in fishes and other nektonic organisms means that the minimum amount of energy is expended to swim through the water.
Invisible Hand Principle
The tendency of market prices to direct individuals pursuing their own interests to engage in activities promoting the economic well-being of society.
Price-Taker Markets
Markets in which individual buyers or sellers have no influence over the price of a product, typically due to the product being a commodity with many competitors.
Low Entry Barriers
Conditions that make it easy for new competitors to enter a market, including minimal financial, regulatory, or technological requirements.
Homogeneous Product
A product that is identical in all aspects from all producers, making it indistinguishable among suppliers.
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