Examlex
Economics is often described as a science of constrained choice. How do you justify this argument?
Exponential Growth
A pattern of data that increases more rapidly in proportion to the growing total number, commonly seen in populations or investments.
Carrying Capacity
The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.
Logistic Equation
A mathematical model used to describe the growth of populations under limiting conditions, showing a sigmoid curve.
Aggregated Distribution
A pattern of population distribution where individuals are clustered together in groups.
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