Examlex
Explain how language reinforces patterns of inequality in society. Provide an example.
Scarcity
The fundamental economic problem of having limited resources to meet unlimited wants and needs.
Trade-Off
A situation that involves losing one quality, quantity, or property of a set or design in return for gaining another.
Inflation
The speed at which the overall price level for goods and services increases, thereby diminishing the buying power.
Productive Capacity
The maximum output that an economy can produce without increasing inflation, given its current level of resources.
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