Examlex
Since the 1930s, the number and scale of interest groups at the national level has
Elastic Demand
A situation where the quantity demanded of a product or service changes significantly when its price changes.
Close Substitutes
Products or services that can easily replace each other in the eyes of consumers due to their similar features or functions.
Trade Barriers
are government-imposed restrictions on the exchange of goods and services across borders, including tariffs, quotas, and regulations.
Teamsters
A member of a labor union in North America primarily representing workers in the transport and freight industries.
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