Examlex
The results from primary research are extremely current,but it can often take somewhat more time and money to gather it.
Producer Surplus
The difference between what producers are willing to accept for a good or service and what they actually receive, typically representing the profit or gain from trade.
Total Surplus
The sum of consumer and producer surplus, measuring the overall benefit to society from the production and consumption of a good or service.
World Price
The international market price of a good or service, determined by global supply and demand.
Importer or Exporter
Entities that are involved in the trade of goods across international borders, where importers bring goods into a country and exporters send goods out of a country.
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