Examlex
When children develop a taxonomy of word meanings, they:
Demand Price
The highest price a consumer is willing to pay for a good or service.
Supply Price
The minimum price at which a seller is willing to sell a good or service, influenced by production costs and market conditions.
Medallion System
A regulatory system often applied to taxis, where a finite number of medallions or permits are issued, allowing the holder to operate a taxi.
Taxicab Rides
The service provided by a vehicle licensed to transport passengers in return for payment, usually determined by a meter.
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