Examlex
What are the components of the Human Development Index (HDI) ?
Pounds
A unit of weight, often used in the English system of measurement or as a currency in the UK.
Optimal Consumption
The allocation of resources or goods that maximizes an individual's satisfaction or utility, given their budget constraints.
Indifference Curve
A graph representing combinations of two goods that give the consumer equal satisfaction and utility, illustrating preferences.
Price Decrease
A reduction in the cost of a good or service, which can influence consumer demand and economic dynamics.
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