Examlex
The three major patterns in the evolution of agriculture consisted of the elimination of serfdom and restrictions of medieval village-based systems, the transformation of peasants from subsistence farmers into agrarian wage labourers, and ________, the process by which landholdings and common lands were consolidated.
Normal Good
A type of good whose demand increases when consumer income rises, and falls when consumer income decreases.
Price-elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity typically differing among products.
Cocaine
A powerful stimulant drug derived from the leaves of the coca plant, commonly used recreationally and noted for its potent effects and potential for addiction.
Elastic
A term describing the sensitivity of demand or supply to changes in price or other factors.
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