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What Is the Term for Inexpensive Goods and Services That

question 23

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What is the term for inexpensive goods and services that take very little consideration on the part of the consumer and are frequently purchased?


Definitions:

Cause And Effect

A relationship where one event (the cause) makes another event happen (the effect), demonstrating a connection between actions and outcomes.

Functionalism

A theoretical perspective that views society as a complex system whose parts work together to promote solidarity and stability.

Relations Of Production

The dynamic interactions and connections between the owners of the means of production and the laborers, which determine the economic structure in a society.

Superstructure

In Marxist theory, the cultural, ideological, and institutional structures built upon the economic base (means of production).

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