Examlex
When a product experiences an increase in the number of competitors, it is usually in the _____ stage of the product life cycle; however, when that competition becomes intense, it is in the ____ stage.
Leisure Time
Free time in which an individual is not working, is not engaged in compulsory activities, and can choose activities for relaxation, enjoyment, or other personal development.
Labor Market
The supply of available workers in relation to available work, and the dynamics of wages, employment, and income.
Households
Entities comprising one or more persons who live together and make joint decisions about consumption and other aspects of their lives; considered a basic unit in economics for analysis of consumption patterns.
Firms
Business entities or organizations that produce goods or provide services with the aim of earning profits.
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