Examlex
Consumers make all kinds of decisions that are hard to explain by any rational means.
Statistical Discrimination
Decision-making based on statistical averages of a group rather than individual qualities, often used in the context of employment and can lead to unfair practice.
Occupational Discrimination
Unfair treatment of employees or job applicants based on non-job-related factors such as race, gender, religion, or national origin within the workplace.
Competition
Competition in economics refers to the rivalry among sellers trying to achieve goals such as increasing profits, market share, and sales volume by varying the elements of the marketing mix.
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