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Quantity Discount Definition.



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A quantity discount is a reduction in the price of a good or service for buyers who purchase large quantities. The discount is usually given as a percentage of the total purchase price. The size of the discount depends on the amount purchased and the terms of the discount. For example, a common quantity discount … Read more

What is the Black Market?



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We usually use the term black market colloquially, to refer to those economic activities that are carried out clandestinely or outside the law. However, in economic terms the definition of the black market is somewhat broader. The concept of black market has appeared in history related to states and governments that exercise excessive control. About … Read more