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July 11, 2025 

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FEATHERBEDDING: A labor union practice of artificially increasing the number of workers employed even though the specific job or task can be completed with fewer workers. This can be done mandating that specific jobs be performed only by workers with specific skill levels or be mandating that a certain number of workers are needed to perform a job or task. By increasing the demand for workers, featherbedding also keeps wages higher.

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PRICE TAKER: A buyer or seller that possess so little market power that it has no control over the price of the good, it must "take" or accept the going market price. The market structure widely populated with a bunch of powerless price takers is perfect competition. You should compare this term with price maker. Other related terms worth a look are price leader, natural monopoly, regulatory pricing.

     See also | price | market structure | price maker | perfect competition | perfectly elastic | perfect competition and demand |


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PRICE TAKER, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 11, 2025].


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INTERCEPT, NET EXPORTS LINE

The intercept of the net exports line indicates autonomous net exports, net exports that do not depend on the level of domestic income or production. This can be thought of as net exports, exports minus imports, that the foreign sector undertakes regardless of the state of the economy. Autonomous net exports are affected by the net exports determinants, which cause a change in the intercept and a shift of the net exports line.

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