Examlex
Cloud vendors do not benefit from economies of scale.
Inferior Good
An inferior good is a type of good for which demand decreases as the income of the individual increases, in contrast to a normal good.
Rental Housing
Properties available for rent to provide accommodation, usually on a monthly or yearly lease agreement.
Price-Consumption Curve
A curve in economics that shows the changes in an individual's consumption of two goods as the price of one good changes, holding the individual's utility level constant.
Engel Curve
A graphical representation showing how household spending on a particular good or service changes with income.
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