Examlex

Solved

Which of the Following Terms Refers to the Development of Technology

question 26

Multiple Choice

Which of the following terms refers to the development of technology and improved products for a given product market?


Definitions:

Tax

Mandatory financial charge imposed by a government on individuals, corporations, or transactions to fund public expenditures.

Demand Curve

A visual depiction showing how the demand for a product varies with its price, usually illustrated with a line that slopes downwards towards the right.

Buyers

Persons or organizations that acquire products or services in the marketplace.

Taxes

Financial charges imposed by governments on individuals, businesses, or other entities, primarily to fund public expenditures.

Related Questions