Examlex
A person starts from one point and comes up with many different ideas or possibilities based on that point. The person is engaging in __________ thinking.
Subjective Concept
An idea or notion based on personal opinions, interpretations, points of view, emotions, and judgment.
Objective Concept
An idea or notion that is based on factual and observable phenomena, unbiased by personal feelings or interpretations.
Personal Preferences
The specific likes, dislikes, desires, and interests of an individual, often influencing their purchasing decisions.
Scarcity
The core issue in economics is the presence of endless human desires within a finite resource environment.
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