Examlex
ATM stands for
Rent-seeking
An economic concept describing the practice of gaining wealth without any contribution to productivity, typically by manipulating the social or political environment.
Market Protection
Measures implemented by a government to shield domestic industries from foreign competition, often through tariffs, quotas, or subsidies.
Government Grants
Funds provided by the government to individuals or organizations for specific purposes without a requirement for repayment.
Average Cost
Average Cost refers to the total cost of production divided by the number of units produced, effectively calculating the cost per unit.
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