Examlex
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Utility Function
A mathematical representation that ranks preferences or satisfaction levels of an individual or household for different bundles of goods and services.
Consumption
Domestic consumption of various goods and services.
Interest Rate
The annual percentage yield that is charged as interest for borrowing money or paid to investors as a return on investment.
Income
Money received on a regular basis from work, investments, business, etc., used to fund living expenses and savings.
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