Examlex
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Countercyclical Fiscal Policy
It's a macroeconomic policy strategy aimed at reducing the effects of economic cycles by employing fiscal measures, such as increasing spending or cutting taxes in a downturn.
Niche Markets
Segments of a larger market defined by unique preferences, characteristics, or needs of its audience, often requiring specialized products or services.
Industry Consolidation
The process by which fewer companies control a greater share of the industry, often leading to reduced competition.
Upward Wage Pressures
The factors that cause the costs of labor in the market to increase.
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