Examlex
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
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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