Examlex
Because it pushes most students into tracks that led to either a vocation or higher education starting at age 10, the German educational system has been criticized for
Aging
The process of becoming older or more mature, often emphasizing the biological and social changes associated with advancing age.
Income Elasticity
A measure of how much the quantity demanded of a good or service changes in response to a change in income, indicating how sensitive demand for the good is to income changes.
Normal Good
A type of good for which demand increases as the income of consumers increases.
Public Good
Every member of a society has access to certain goods or services without having to pay, thanks to provision by governmental agencies or private organizations or individuals, all without the motivation for profit.
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