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What is Unified Data Management (UDM) ?
Perfect Substitutes
Goods or services that can be used in exactly the same way, such that the consumer is indifferent between one and another.
Perfect Complements
Goods that are consumed together in fixed proportions, where the use of one item increases the value or necessity of the other.
Indifference Curves
Graphical representations in microeconomics showing combinations of two goods among which a consumer is indifferent, indicating equal utility.
Consumer's Preferences
The individual tastes and preferences that dictate the choices made by consumers regarding which goods or services to purchase.
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