Examlex
The following are all examples of real options that are discussed in the text: (1)protection options, (2)flexibility options, (3)timing options,and (4)abandonment options.
Theory
A systematic ideology or framework that explains phenomena, based on a significant body of evidence.
Gini Coefficient
The Gini Coefficient measures income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).
Market Income
The total income earned by an individual or household from market sources before taxes and transfers, including wages, rent, interest, and profits.
Disposable Income
The sum of funds households can allocate towards savings or expenditure once income taxes are deducted.
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