Examlex
England's Caribbean settlements were the main source of slaves for the English colonies of North America.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.
Price Floor
A government- or authority-imposed minimum price that can be charged for a product or service, often above the equilibrium price.
Network Externality
A situation where the value of a product or service increases as more people use it.
Intrinsic Value
The inherent or fundamental worth of something, not influenced by external factors or market conditions.
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