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Consumer Behavior
The examination of how individuals, groups, or organizations choose, acquire, consume, and discard products, services, experiences, or concepts to fulfill their needs, and how these actions affect both the consumer and the broader community.
Traditional Market System
An economic system where trade and economic activities are based on customs, history, and time-honored beliefs.
Marginal Utility
A concept in economics that represents the additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.
Budget Allocation
The process of distributing available financial resources among different departments, projects, or sectors within an organization or government.
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