Examlex
The repurchase of common stock results in a type of reverse dilution, since the earnings per share and the market price of stock are increased by reducing the number of shares outstanding.
Substitution Effect
The alteration in buying behaviors resulting from shifts in relative prices, prompting consumers to swap costlier products with less expensive options.
Higher Wage
An increased rate of pay or salary for employees, often sought after in negotiations or as a result of economic or institutional changes.
Leisure Time
Time that an individual can spend at their own discretion, not occupied by work or domestic responsibilities.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with less costly alternatives.
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