Examlex
Interactive marketing is the development of marketing programs that create interplay between consumers and businesses rather than simply sending messages to potential customers.
Essential Water
The minimum amount of water required for basic human needs and sustainable living.
Nonessential Diamonds
Diamonds categorized as luxury items, not required for basic living or survival needs.
Diamond-water Paradox
The contradiction observed in value theory where essential goods like water have low prices, while non-essential goods like diamonds have high prices.
Essential Goods
Products that are necessary for basic living and well-being, often unchanged by changes in income.
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