Examlex
Computerized systems enable people to overcome their cognitive limits by quickly accessing and processing vast amounts of stored information.
Microeconomics
The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.
Free Time
Periods when an individual is not engaged in work and can choose leisure or other personal activities.
Laspeyres Price Index
A measure of price inflation or deflation for a specified set of goods and services, using the quantities of the base year as weights.
Ideal Cost-Of-Living Index
Cost of attaining a given level of utility at current prices relative to the cost of attaining the same utility at base-year prices.
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