Examlex
An understanding of personal finance is necessary to judge the quality of advice that a financial adviser may give.
Supply and Demand
The fundamental economic model that describes how the price and availability of goods and services are determined in a market.
Artificial Price
A price level influenced by external factors such as government intervention, rather than by free market forces.
Imposed Price
A price that is set by an external authority rather than being determined by market forces.
Equilibrium Price
The price at which the quantity of a good supplied is equal to the quantity demanded, resulting in market stability.
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