Examlex
External entities in a DFD are shown as circles.
Equilibrium Price
The price at which the quantity of a good or service supplied is equal to the quantity demanded, resulting in no net surplus or shortage in the market.
Natural Gas
A fossil fuel used as a source of energy for heating, cooking, and electricity generation, consisting primarily of methane.
Supply And Demand
The fundamental economic model that explains the interaction between the quantity of a good or service that producers wish to sell and the quantity that consumers wish to buy.
Standardized Product
A product that is uniform in quality and characteristics, produced in large volumes, and by many different firms.
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