Examlex
What is the objective of a post-implementation review?
Equilibrium
A state in a market where demand equals supply, resulting in a stable price for a good or service.
Market Equilibrium
The state where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable market price.
Economists
Experts focused on analyzing how goods and services are produced, distributed, and consumed.
Opportunity Cost
The loss of potential gain from other alternatives when one particular option is chosen.
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