Examlex
A certain kind of lightbulb carries 0.5 amperes of current when connected to a 120 volt AC circuit. What is its power rating?
Inelastic
Describes a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.
Remittances
Money sent by migrants back to their home countries, often to support family members financially.
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a specific time period.
Elasticity
In economics, elasticity measures how much the quantity demanded or supplied changes in response to a change in price or other factors.
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