Examlex
What is the principle of specificity?
Substitute Good
A product or service that satisfies the need of a consumer that another product or service fulfills.
Important Resource
A crucial element or input required for the production process or societal functioning.
Immigration
The action of coming to live permanently in a foreign country.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.
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