Examlex
A promise supported by past consideration is always enforceable.
Equilibrium
The state in a market where supply equals demand, leading to stable prices.
Immigration
The action of coming to live permanently in a foreign country. It can influence a country's economy, culture, and demographics.
Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the market, resulting in no unemployment.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choice.
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