Examlex
Citizen verification refers to a system designed to reduce voter fraud by limiting voting to those who have established eligibility to vote by submitting the proper documents.
Good Substitutes
Products or services that can be used in place of each other, having a high cross-elasticity of demand.
Income Elasticity Coefficient
A measure indicating how much the quantity demanded of a good responds to change in consumer income.
Recessions
Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.
Income Elasticity
A measure of how much the demand for a product or service changes in response to changes in consumer income.
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