Examlex
The criminal trial is called an adjudicatory hearing in the juvenile justice system.
Government Issued
Refers to products or securities that are provided or sanctioned by a government body, such as bonds or legal tender.
Price System
An economic mechanism where prices determined by supply and demand allocate resources efficiently in a market economy.
Scarce Goods
Goods that are limited in supply in comparison to their demand, leading to economic decisions regarding their allocation.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded, also known as the market-clearing price.
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