Examlex
Groupthink tends to occur when a group has all of these characteristics except
Students
Individuals engaged in the process of learning, typically within an educational institution such as a school or university.
Elastic Demand
Characterizes a market situation where demand for a product significantly changes in response to a change in the product's price.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision or choosing to utilize resources in one way instead of another.
Lower Incomes
Earnings that fall below the median level of national income, often associated with reduced purchasing power and economic opportunities.
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