Examlex
Briefly explain how ecological sewage treatment systems work and how they are advantageous over conventional sewage treatment systems.
Substitution
The act of replacing one thing with another, especially a similar item, in response to changes in market conditions or personal preferences.
Convex Preferences
In microeconomics, a condition where consumers prefer a mix of goods over having only one good, illustrated by a convex shape of their indifference curves.
Centered
In a general context, it means being in the middle or at the heart of something; in mathematics, it can refer to the process of adjusting data points or a distribution so that its mean equals zero.
Convex Preferences
Refers to a situation in economics where a consumer prefers a mix or combination of goods over having all of one good, demonstrating a desire for diversity in consumption.
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