Examlex
Why is it important to understand the English system of policing in order to understand our system of policing in America?
Shortage
The occurrence of demand for a certain product or service outpacing the supply in the marketplace.
Surplus
The amount of an asset or resource that exceeds the portion that is actively utilized; in economic context, it often refers to excess production or budgetary surplus.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or commodity, often to protect consumers.
Price Floor
A government or regulatory-imposed minimum price set for a particular good or service, below which it cannot be sold, often to protect producers or encourage production.
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