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How does error-proofing relate to Dr. Deming's point that states 'remove the barriers that rob people of pride of workmanship'?
Substitution Effect
Refers to the change in consumption patterns due to a change in the relative prices of goods, holding the consumer's utility constant.
Consumption Bundle
A collection of goods or services that an individual or household consumes within a given period.
Utility Function
A mathematical model in economics that maps a consumer's preferences for various products and services to a numerical representation of utility or satisfaction.
Engel Curve
A graphical representation that shows how household spending on a particular good or service varies with income.
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