Examlex
In Canada, Anglophone and Francophone values
Oppressed Minorities
Groups within society that face systematic discrimination, marginalization, and denial of their rights, often based on ethnic, racial, religious, or gender identity.
Income Effect
The change in an individual's or economy's income and how that change affects the quantity demanded of a good or service.
Substitution Effect
The substitution effect occurs when consumers replace pricier items with less expensive alternatives as prices rise.
Economic Rent
The payment to an owner or factor of production in excess of the costs needed to bring that factor into production, essentially a surplus amount.
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