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A Niche Is a Domain of Unique Environmental Resources and Needs

question 67

True/False

A niche is a domain of unique environmental resources and needs.


Definitions:

Consumption

The consumption of products and services by families.

Income

The monetary payment received for goods or services, or from other sources, as rents or investments.

Interest Rate

The percentage of a sum of money charged for its use, which reflects the cost of borrowing or the return on savings.

Utility Function

A mathematical representation that ranks an individual's preferences over a set of goods and services, aiming to measure satisfaction or happiness.

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