Examlex
Today most applications of Freudian theory in marketing are related to:
Price
The amount of money expected, required, or given in payment for something. It serves as a signal between buyers and sellers in a market.
Labor
The human effort, both physical and mental, used in the production of goods and services.
Substitution Effect
The change in quantity demanded of a good or service as consumers switch to or from substitutes when the price changes.
Income Effect
The change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.
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