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Differentiate between the mechanical and chemical aspects of digestion.
Normal Goods
Goods for which demand increases as the income of the consumer increases.
Current Consumption
The portion of income or wealth that is spent on goods and services in the present, as opposed to saving for future expenditure.
Future Consumption
The saving or postponing of consumption today in order to consume in the future, often considered in economic theories of savings and investment.
Real Rate
The interest rate adjusted for inflation, reflecting the real purchasing power of interest earnings.
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