Examlex
Caste considerations are mostly a thing of the past in India, especially with regard to marriage arrangements.
Payoff Matrix
A table that shows the potential outcomes of a strategic decision made by two or more players, highlighting the benefits or losses based on each player's decisions.
Dominant Strategy
A strategy in game theory that is best for a player, regardless of the strategies chosen by other players.
Price High
Typically refers to a situation where the price of a good or service is higher than usual, which can result from high demand, low supply, or other market conditions.
Positive-Sum Game
A situation in economic transactions where all participants can benefit, or the sum of the gains and losses is positive.
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