Examlex
A current account deficit means that R.O.W. spending on Canadian exports is greater than Canadian spending on imports from R.O.W.
Excess Capacity
The situation in which a firm produces less than its potential output, often indicated by idle resources or facilities.
Potential Entrant
Refers to a business or company that is not currently in a market but has the capability and interest to enter the market if certain conditions are met.
Dominant Strategy
A strategy in game theory that yields the best outcome for a player regardless of what strategies other players choose.
Nash Equilibria
A situation in a non-cooperative game where no player can benefit by changing strategies, assuming the other players also don't change their strategies.
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