Examlex
During a recession,companies with a significant portion of their capital structure in the form of debt (i.e.,high leverage) often struggle to meet their legally binding interest obligations.
Net Demand
The difference between total market demand and market supply, representing the excess demand or shortage in the market.
Utility Function
An economic concept expressing how different combinations of goods or services yield different levels of utility or satisfaction to an individual.
Endowment
The initial allocation of income, goods, or resources that individuals or firms possess in an economy, often impacting their trading capabilities and outcomes in markets.
Price
The amount of money required to purchase a good or service, reflecting its value in a market economy.
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