Examlex
According to a systems perspective, ______ suggests that living systems seek a balance to maintain and preserve the system.
Dollar Votes
A term used in economics to describe how consumers show their preferences and exert influence in the market by how they spend their money.
Dollar Votes
The concept that consumers "vote" for the products they prefer through the dollars they spend.
Consumer Sovereignty
The concept that consumers have the ultimate control over what goods and services are produced by choosing what to purchase with their money.
Economically Most Efficient
A situation or method that yields the maximum output without wasting resources.
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