Examlex
When a delivery service trains its drivers in defensive-driving techniques and maintains their trucks in good working order, they are practising risk avoidance.
Substitution Effect
The economic principle that as prices rise or incomes decrease, consumers will replace more expensive items with less costly alternatives.
Hamburger
A popular food item consisting of a cooked patty of ground meat, typically beef, placed inside a sliced bread roll or bun.
Substitution Effect
The economic principle that as prices rise or incomes decrease, consumers replace more expensive items with less costly alternatives.
Dr. Pepper
A popular brand of carbonated soft drink, recognized for its unique blend of 23 flavors.
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