Examlex
For any change in a business cycle, the percentage change in demand for a good with an income elasticity of 0.50 will be larger than the percentage change in demand for a good with an income elasticity of 0.25.
Self-fulfilling Prophecy
A forecast that, by the virtue of being made, influences actions and attitudes in a way that brings it to realization, fueled by a cyclical reinforcement between conviction and action.
Patronizing
Treating others with an apparent kindness that betrays a feeling of superiority.
Elders
Older individuals, often respected for their wisdom and experience, in a community or family.
Older Women
Females of an advanced age, often facing unique social, health, and economic challenges.
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