Examlex
According to Robert Gagné,learning outcomes associated with training can be classified into five general categories: verbal information,intellectual skills,cognitive strategies,motor skills,and procedural.
Inferior Goods
Goods whose demand decreases when consumers' income increases. They are the opposite of normal goods, which see increased demand with higher income.
Income Increase
A rise in the amount of money received, especially by workers or businesses, over a specific period.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.
Substitute
a product or service that can be used in place of another to satisfy similar needs or desires.
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