Examlex
What is intrapreneurship,and why is it important today?
Substitution Effect
refers to the change in consumption patterns due to a change in relative prices, leading consumers to substitute more expensive goods with cheaper alternatives.
Money Income
The total amount of monetary earnings or receipts accruing to an individual or household within a specified period.
Demand Change
Variations in the quantity of a product that consumers are willing and able to purchase at various price levels over a period.
First Class
Describes the highest quality or most expensive service, accommodation, or means of transportation available.
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