Examlex
In 1910,President Theodore Roosevelt said "I recognize the right and duty of this generation to develop and use the natural resources of our land;but I do not recognize the right to waste them,or to rob,by wasteful use,the generations that come after us." His message best reflects
Price Elasticity of Demand
A gauge of demand elasticity in reaction to price adjustments for a particular commodity.
Unity
In economic terms, unity can refer to a sense of agreement or cohesion among members of a market or organization, striving towards common goals or values.
Inelastic
Characterizes a condition in which the demand for a good or service is relatively unresponsive to changes in its price.
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