Examlex
A monopsony is a market situation in which there is only one buyer.
Interest Rate
The interest rate is the percentage of the loan amount that lenders charge borrowers as interest, usually represented as an annual percentage of the remaining loan balance.
Afford
The financial ability of an individual or organization to bear the cost of something without experiencing financial strain.
Borrowing
The act of receiving funds from another party with the agreement to repay the principal amount along with any agreed-upon interest or fees.
Contest
A competition or challenge, often with rules and participants aiming to win or achieve a specific outcome.
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