Examlex
The phrase "live working or die trying" was coined in England during one of the worker uprisings.
Marginal Utility
The extra contentment a customer obtains by using an additional unit of a product or service.
Total Utility
The aggregate level of satisfaction or benefit that a consumer derives from consuming a particular quantity of goods or services.
Budget Constraint
The limit that the size of a consumer’s income (and the prices that must be paid for goods and services) imposes on the ability of that consumer to obtain goods and services.
Money Income
Refers to the total amount of monetary earnings or receipts accruing to an individual or household, originating from various sources like wages, dividends, and benefits.
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