Examlex
Conformance refers to the extent to which a good or service can be adapted for use in new situations.
Endogenous
Endogenous refers to factors or processes that originate from within a system, such as internal economic conditions or policies affecting an economy's performance.
Innovation Theory
A concept in economics that attributes economic growth and development primarily to the introduction of new technologies and improvements in processes or products.
Under Consumption
A situation where consumers are spending less than what is needed to drive economic growth due to various factors like low income or high savings.
Sunspot Theory
A theory in economics that suggests that economic cycles might be driven by psychological factors or extrinsic shocks, rather than fundamentals alone.
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