Examlex
When an offender is sentenced under the determinate sentencing philosophy, his or her release date is determined by the parole board.
Capital Goods
Large, durable goods used in the production of goods and services, such as machinery, buildings, and equipment.
Future Output
The estimated production or services to be provided by an economy, a sector, or a company in the future, often associated with planning and projections.
Consumption Goods
Goods that are used by consumers for personal or household purposes, intended to satisfy human wants or needs directly.
Time Preference
The tendency of individuals to value goods and experiences in the present more than in the future, influencing savings and investment decisions.
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