Examlex
Explain the three different types of outsourcing along with their benefits and challenges.
Rationing Function
The process by which a scarce resource is distributed among competing users.
Dynamic Pricing
A pricing strategy where prices are adjusted in real-time based on demand, supply, and other market conditions.
Government-Regulated Taxis
Taxi services whose fares, numbers, and operating standards are controlled by governmental bodies.
Change in Demand
A shift in the demand curve, due either to changes in consumer preferences, income levels, prices of related goods, or other factors, affecting the quantity demanded at any given price.
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