Examlex
The ratio of the debt to GDP is a measure of the burden the debt places on the economy.
The debt to GDP ratio measures the burden of deficit financing over time.
New Firms
Newly established business entities that often bring innovation, competition, and dynamism to their respective markets.
Long-Run Equilibrium
A state in which all factors of production and prices adjust fully to economic changes, with all markets clearing and no external pressures affecting supply and demand.
Efficient Scale
The quantity of output that minimizes average total cost.
Perfectly Competitive
A market structure characterized by a large number of small firms, homogenous products, and free entry and exit.
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