Examlex
Are all productive activities not included in the measurement of GDP illegal?
Railroad
A mode of land transportation involving trains running on tracks to transport passengers or goods across various distances.
Market Price
The price at which a product or service is bought and sold in the competitive marketplace.
Upstream Monopolist
A firm that controls the supply of essential raw materials or components before they are processed or utilized in the production of finished goods.
Downstream Monopolist
A firm or entity that controls the market as the sole provider or purchaser of goods or services at a later stage in the production or supply chain.
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