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When Rating the Quality of Cities to Live In,the Authors

question 7

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When rating the quality of cities to live in,the authors of such research base their studies on dimensions that define quality of life.The complex set of criteria includes


Definitions:

Uniqueness

Refers to the quality of being the only one of its kind; distinctiveness.

Consumer's Budget

is the total amount of income available to an individual or household to spend on goods and services or to save, after taxes.

Elastic Demand

A situation where the quantity demanded of a product changes significantly in response to changes in the product's price.

Inelastic Demand

Refers to a situation where the quantity demanded of a good or service does not significantly change when its price changes.

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