Examlex
Instructions:
∙ Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
Explain the historical significance of each item. Establish the historical context in which the
∙ item exists. Establish the item as the result of or as the cause of other factors existing in the society under study. Answer this question: What were the political, social, economic,
and/or cultural consequences of this item?
-the Sandé and Poro cults
Budget Constraint
The limit on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.
Inferior Good
A type of good for which demand decreases as the consumer's income increases, contrasting with normal goods.
Less Durable
Describes goods or products that have a shorter usable lifespan before they degrade, wear out, or become obsolete.
Inferior Goods
Products whose demand decreases as the income of consumers increases, due to the availability of better or more desirable alternatives.
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