Examlex
Which principle of traditional democracy theory is violated in circumstances in which the wealthy have influence far exceeding what would be expected based on their numbers?
Exclusive Provider
A sole supplier of a particular product or service within a specific market or arrangement.
Unconscionable
Refers to actions or terms in a contract that are so unjust or overwhelmingly one-sided in favor of the party with more power that they are contrary to good conscience.
Market Price
The current price at which an asset or service can be bought or sold in a public market.
Output Contract
An agreement where one party commits to sell, and the other to buy, all of a particular producer's output, ensuring a market for the seller and supply for the buyer.
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