Examlex
Stereotyping is an abnormal process that is automatic and saves on time and effort and allows people to generalise the world and ignore the diversity within social groups.
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase at different prices.
Supply Curve
A graphical representation that shows the relationship between the price of a good or service and the quantity supplied.
Budget Line
A line that represents all combinations of goods and services a consumer can purchase with their income at given prices.
Marginal Rate
Generally refers to the rate at which one quantity changes with respect to a change in another, often used in the context of taxes or substitution rates.
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