staple
(noun)
A basic or essential supply.
Examples of staple in the following topics:
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Arguments for and Against Government Price Controls
- First, these regulations can ensure that a basic staple, such as food, remains affordable to most of a country's citizens.
- During the depression the US government fixed prices on basic staples, such as food, to ensure people would be able to obtain their basic necessities.
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Market Demand
- Two different hypothetical types of goods with upward-sloping demand curves are Giffen goods (an inferior but staple good) and Veblen goods (goods characterized as being more desirable the higher the price; luxury or status items).
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Willingness to Pay and the Demand Curve
- Bread is a staple and it is the cheapest option out of the food available.
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Federal Efforts to Control Monopoly
- The case involved a home office supply company, Staples, and a building supply company, Home Depot.