Examlex
How has modern concepts of transgender challenged traditional ideas about gender?
Income
Income refers to the financial earnings someone acquires regularly either from performing work or making investments.
Optimal Consumption Bundle
A combination of goods and services that maximizes a consumer's satisfaction or utility, given their income and the prices of goods and services.
Normal Good
A type of good for which demand increases as consumers' income increases, and vice versa.
Inferior Good
A category of product whose demand falls when the income levels of buyers rise, in opposition to normal goods.
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