Examlex
Provide simple definitions that distinguish segregation and independent assortment.
Net Investment
The total amount spent on new capital assets minus the depreciation on existing capital assets.
Autonomous Consumption
The part of consumption that does not change with income levels, representing basic necessities one must purchase regardless of income.
Long-Run Aggregate Supply Curve
A graphical representation showing an economy's potential output when all prices, including wages, can fully adjust to changes in the economic environment.
Business Taxes
Taxes that are required to be paid by businesses based on their income, property, and sometimes their sales.
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