Examlex
Why is it important for a company to be (geographically)close to its suppliers to implement a JIT inventory control system?
Housing Bubble
A temporary condition characterized by an unusual increase in housing prices fueled by demand, speculation, and exuberant spending to the levels that income levels do not support.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded by consumers, usually downward sloping to the right indicating inverse relationship between price and quantity demanded.
Normal Good
A good for which demand increases as the income of the consumer increases, and vice versa.
Income Increase
Refers to a rise in the amount of money earned by an individual or entity, which can affect purchasing power and economic status.
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