Examlex
The downward demand spiral for a company is the continuing reduction in the demand for its products that occurs when prices of competitors' products are not met and higher unit costs result in more reluctance to meet competitors' prices.
Competitive Markets
Competitive markets are characterized by many buyers and sellers, where no single entity has the power to significantly influence prices for goods and services.
Economic Profits
Profits exceeding the total costs of inputs including opportunity costs, typically representing gains beyond the normal profit levels.
Economic Losses
Financial deficits incurred by businesses or individuals, often resulting from poor investment decisions or market downturns.
Profit-Seeking
The motivation or driving force behind individuals or companies to undertake activities that increase earnings and reduce costs, in order to maximize profits.
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