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Most ethnic groups establish traits that set them apart from others and identify members of their own group.These are known as
Income
Revenue received, on a consistent basis, from occupational or investment sources.
Preferences
Preferences refer to an individual's subjective tastes or desires, ranking goods or outcomes in order of choice or desirability in decision making or consumption.
Utility Function
Describes how different combinations of goods or outcomes are valued by an individual, helping to predict choice under uncertainty.
Income
The financial gain or revenue received by an individual or entity, typically through wages, investments, or business operations.
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