Examlex
What is the cube-shaped shrine sacred to Islam called?
Utility Maximization
Utility maximization is a principle in economics that suggests consumers aim to get the greatest satisfaction possible from their disposable income, choosing the mix of goods and services that maximizes their utility.
Px
Often used as a notation for the price of a good x in economic models.
Satisfaction with Life
An individual's cognitive judgment of one's life as a whole, often assessed through surveys and questionnaires.
Income Classes
Categories of individuals or households separated by levels of income used for analysis and policy-making in economics and sociology.
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