Examlex
Specific deterrence refers to a sentence that should be no more or less severe than the offender's actions warrant.
Interest Rate
The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, usually on an annual basis.
Income
The financial earnings received by an individual or entity, typically measured over a set period and derived from wages, investments, or sales.
Cobb-Douglas Utility Functions
A type of utility function used in economics to represent the utility of an individual consumer derived from consuming different amounts of goods or services.
Consumption
The use of goods and services by households or individuals, considered as an economic activity that drives demand and influences economic growth.
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