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Today's Terms
Market
Definition:
A setting in which buyers and sellers establish prices for identical or very similar products, and exchange goods or services.
Price supports
Definition:
Federal assistance provided to farmers to help them deal with such unfavorable factors as bad weather and overproduction.
Demand
Definition:
The total quantity of goods and services consumers are willing and able to buy at all possible prices during some time period.
More Labor Law Terms >
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