Glossary
arbitrage. Buying a product or resource in one market and selling it in a different market to take advantage of a price difference.
barriers to entry. A feature that makes it difficult to enter a new market, such as startup costs or government regulations.
boycotts. Avoiding a specific producer’s products or services. The purpose of a boycott is to encourage an organization or a person to change their behavior.
capital. The equipment used for production.
cartel. A group of suppliers that agree to fix prices.
complement goods. Goods that are generally bought at the same time and are used together.
constraints. Limitations based on scarcity.
consumable goods. Products that can only be used once.
cost-benefit analysis. A comparison between ...
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