Complementary goods are products that are often consumed together, where the demand for one increases when the price of the other decreases, and vice versa.
Overheating refers to an economic condition where rapid expansion leads to excessive inflation. It arises when demand outstrips supply, often causing price levels to increase.
A seller's market is a situation where demand for a security or product significantly exceeds its supply, leading to rising prices and allowing sellers to set both prices and terms of sale.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.