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When Jeff got a new cell phone,he gave his old phone to his daughter.He had bought it the year before.It was in a relatively good working condition though he had lost the charger for it.However,when Jeff went to the store to buy the charger,the salesman told him that the chargers for the older model were no longer available in the market.This is an example of _____.
National Income
National income is the total amount of money earned within a country, including wages, rent, interest, and profits, after accounting for depreciation and indirect business taxes.
Corporate Profits
The earnings of a corporation after all expenses, taxes, and costs have been deducted from total revenue, indicating the financial health and operational efficiency of the company.
Psychic Income
The non-material satisfaction or pleasure derived from an activity or possession, not measured in terms of money.
Psychic Cost
The mental or emotional strain and stress that can arise from making decisions or engaging in a transaction, not accounted for in traditional financial costs.
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