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The English philosopher Francis Bacon (1561-1626) called conscious and unconscious biases and stereotypes
Budget Line
A graphical representation of all possible combinations of two goods that an individual can afford given the prices of the goods and the individual's income.
Decrease In Income
A reduction in the amount of money earned or received by an individual or household.
Consumer Purchases
Transactions made by individuals or households for goods and services for personal use.
Products
Tangible or intangible goods offered by businesses to consumers in exchange for payment.
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