Examlex
The development of the original personal computer (PC) was a(n) ____ innovation at the time, whereas adding a different kind of whitening agent to a soap detergent in an example of a(n) ____ innovation.
Current Consumption
The portion of income or wealth that is spent on goods and services in the present, as opposed to saving for future expenditure.
Future Consumption
The saving or postponing of consumption today in order to consume in the future, often considered in economic theories of savings and investment.
Real Rate
The interest rate adjusted for inflation, reflecting the real purchasing power of interest earnings.
Nominal Rate
The interest rate before adjusting for inflation, reflecting the percentage that is paid for the use of money.
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