Examlex
List five business e-mail do's and don'ts in business today.
Section 5
Short
Consumption
The act of utilizing economic goods to satisfy needs or desires.
Revealed Preferred
A theory in economics that preferences of consumers can be understood from their purchasing habits and choices, as observed from actual market behavior.
WARP
The Weak Axiom of Revealed Preference, a concept in microeconomics that asserts if a consumer prefers bundle A over bundle B when both are affordable, then the consumer will not choose B over A when B's price decreases making it more affordable.
Bundle
A group or collection of items that are offered together as a single package.
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