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Define Culture Lag and Provide Two Examples

question 53

Essay

Define culture lag and provide two examples.


Definitions:

Industry

A sector of the economy that is made up of manufacturing, production, or provision of services within a specific domain of activity or expertise.

Marginal Revenue

The supplementary income received from the sale of an additional unit of a product or service.

Price

The money value projected, needed, or surrendered in purchase of something.

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