Examlex
In addition to encouraging the emergence of democratic governments, what else would minimize the risk of war?
Equilibrium
A state in which market supply and demand balance each other, and as a result, prices become stable.
Market
A venue or mechanism where buyers and sellers come together to exchange goods, services, or information.
Price
The amount of money required to purchase a good or service, determined by factors such as demand, supply, and production costs.
Producer Surplus
The difference between the amount that producers are willing and able to supply a good for and the amount they actually receive (selling price).
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