Examlex
Collateral circulation is necessary to prevent complications caused by:
Economies of Scale
A condition where the average costs of production fall as the output level increases, leading to a more efficient production process.
Horizontal Demand
Refers to a market situation in which the demand for a product or service is not sensitive to changes in its price, often illustrated as a horizontal line on a demand curve graph.
Reselling
The act of selling a product or service again, typically after buying it from the original seller.
Demand Elasticities
Various measures that quantify the sensitivity of demand for a good or service to changes in its price or other relevant factors.
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