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Millie Doesn't Like Waiting in Line

question 64

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Millie doesn't like waiting in line.Whenever she goes to her local supermarket,she has to wait at least 20 minutes in line.So,she decides to buy all her groceries online instead.In this scenario,Millie is demonstrating


Definitions:

Equity

In finance, equity represents ownership interest in a company, typically in the form of stocks. In a broader context, it refers to fairness and justice in treatment.

Efficiency

The effectiveness with which a system, process, or organization uses its resources to achieve its objectives, often with minimum waste or effort.

Allocating Resources

The process of assigning available resources, such as time, money, and labor, to specific uses to achieve an organization's objectives.

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.

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