Examlex
Which of the following have a short life and are constantly being replaced
Equilibrium
In economics, a state where market supply and demand balance each other, and as a result, prices become stable.
Coconuts
Tropical fruits or the hard-shelled seeds of the coconut palm, often used metaphorically in economics and game theory to represent tradable resources.
Civic Authorities
Government officials or bodies responsible for governing a city or town, and managing local services and regulations.
Long-run Supply Function
An economic concept that describes the total quantity of products that firms are willing to supply over a long period, taking into account the adjustments in production factors and technology.
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