Examlex
Laura is a researcher who studies technological and economic change. Her work shows clearly how forces of worldwide economic competition are changing the nature of the work we do. What term do sociologists use to describe the process she studies?
Limiting Availability
A strategy to increase desirability or price of a good or service by reducing its availability.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Demand
The volume of goods or services that purchasers are ready and financially able to acquire at several price points within a certain period.
Supply
The total amount of a product or service that producers are willing and able to sell at a given price level in a given time period.
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