Examlex
________ is a system based on local customs and precedent and serves as the basis for contemporary legal systems in the United Kingdom (minus Scotland) .
Price Ceiling
A cap set by authorities on the maximum price that can be asked for a good or service.
Shortage
Occurs when the demand for a product or service exceeds its supply in a given market, often leading to increased prices.
Industrial Nations
Industrial nations are countries that have highly developed industries and infrastructure, typically with advanced technological capabilities and high standards of living.
Hurricane Katrina
Hurricane Katrina was a devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing widespread destruction and significant loss of life.
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