Examlex
The environmental movement in the United States seeks to protect forests and other pristine lands. To most Americans, respecting natural lands and animals probably is consistent with their ethical system. In some other countries, laws protecting the lands do not exist. Farmers and ranchers routinely "slash and burn" in order to farm or raise livestock, and loggers harvest trees indiscriminately. There is no ethical dilemma, since their society accepts these practices as normal and necessary.
In this instance, their society's definitions differ from the American definitions. This is an example of:
Price
The cost of buying a product or service, typically influenced by the balance of supply and demand.
Budget Constraint
The limits imposed on household or individual choices by income, wealth, and product prices, dictating the combination of goods and services that can be purchased.
Price
The cost associated with acquiring a good, service, or asset.
Income Decreases
A situation where an individual's or household's earnings fall over a period, affecting their purchasing power and standard of living.
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