Examlex
In the long run, a monopolistically competitive firm will set P = MC.
Automobile Industry
The sector of the economy that manufactures and sells motor vehicles, including cars, trucks, and motorcycles, playing a critical role in global transportation.
Textile Industry
An industry primarily concerned with the design, production, and distribution of yarn, cloth, and clothing. It was one of the earliest industries to industrialize in the 19th century.
Financial Savings
The portion of personal income that is set aside, not spent on immediate consumption, and typically put into a bank or investment account for future use.
Consumer Economy
An economy driven by the spending of consumers on goods and services, indicative of a society valuing and depending upon consumption as a primary economic activity.
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