Examlex
Some phones use predictive text input, where you press one key on the keypad for each letter in a word and software on the phone predicts the word you want.
Next-Best Alternative
The best option available to someone after the top choice is taken away, frequently referenced in the context of opportunity cost.
Willie Nelson
A renowned American musician, actor, and activist, known for his contributions to country music.
Consumer Surplus
The split between the sum consumers are willing to pay for a good or service and the sum they finally pay.
Consumer Surplus
The discrepancy between the price consumers are inclined to pay for a product or service and the actual price paid.
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