Examlex
Distinguish between the vertical and horizontal functions of kinship.
Goods and Services
Products and actions that fulfill human wants or needs, with goods being tangible items and services being intangible services.
Market System
A market system is an economic system where prices and the distribution of goods and services are determined by supply and demand in a competitive market.
Goods and Services
The physical items (goods) and actions or activities (services) that people produce and consume to satisfy their needs and wants.
Willing and Able
Refers to a consumer's readiness and capacity to purchase goods or services at a given price level.
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