Examlex
Acephalous societies are societies with no identifiable ruler or centralized state.
Unity
In economic terms, unity can refer to a sense of agreement or cohesion among members of a market or organization, striving towards common goals or values.
Inelastic
Characterizes a condition in which the demand for a good or service is relatively unresponsive to changes in its price.
Elasticity of the Demand
A measure of how the quantity demanded of a good responds to a change in its price.
Technological Changes
Innovations or improvements in technology that enhance productivity, efficiency, or quality in the production of goods and services.
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