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DEMAND DECREASE: A decrease in the willingness and ability of buyers to buy a good at the existing price, illustrated by a leftward shift of the demand curve. A decrease in demand results in a decrease in equilibrium quantity and a decrease in equilibrium price.
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CONSUMER SOVEREIGNTY The notion that consumers ultimately determine what goods and services are produced and how the economy's limited resources are used based on the purchases they make. Consumers thus reign over the economy as sovereign rulers.
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The average length of a "business lunch" is about 36 minutes.
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"Difficulty is the excuse history never accepts. " -- Edward R. Murrow, News broadcaster
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GATS
General Agreement on Trade in Services
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