Examlex
A master budget includes every major activity of the business.
Aggregate
A total sum or amount made up of distinct components, often used in economics to refer to total output or income.
Equilibrium
An equilibrium where demand meets supply in the marketplace, stabilizing prices as a consequence.
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.
Equilibrium Wage Rate
The wage rate at which the supply of labor is equal to the demand for labor in the labor market.
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