producers that cannot influence the total market supply or the price of the products.
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Type: Glossary
when one or a few sellers control the supply; they have the power to set the prices.
Type: Glossary
includes salaries; benefits and income from investments that move between countries.
Type: Glossary
foodstuffs and other raw materials produced by the primary sector.
Type: Glossary
(also called the primary industry) industries based on raw materials that come from the earth....
Type: Glossary
the lowest rate at which a bank will lend money to its best customers.
Type: Glossary
the gains made (satisfaction and use) from owning the goods and also the profits made by the...
Type: Glossary
the amount spent by households on final goods and services.