Examlex
The phrase "appropriate human resources" refers to the individuals within the organization who make a valuable contribution to management system goal attainment.
Consumption Choice
The decision made by consumers on how to allocate their income among various goods and services to maximize their utility.
Marginal Utility
The extra pleasure or benefit gained by a consumer from using an additional unit of a product or service.
Utility Maximization
Utility maximization is a principle in economics that suggests consumers aim to get the greatest satisfaction possible from their disposable income, choosing the mix of goods and services that maximizes their utility.
Px
Often used as a notation for the price of a good x in economic models.
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