Examlex
In the markets for the factors of production in the circular-flow diagram, households are buyers and firms are sellers.
Costly Negotiations
Negotiation processes that involve significant expenses, time, or resources, which can affect the willingness of parties to reach an agreement.
High-value
Refers to goods or services that have a substantial value in monetary terms or significant importance to a particular process or situation.
Expected Revenue
The amount of money a business anticipates receiving from its activities or sales within a specific period.
Low-value
Refers to items or services perceived as having a lower worth or importance, often associated with lower prices or quality.
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