Examlex
What are some of the problems facing women in the world today? Describe the growth of the feminist movement in the industrialized world as well as the plight of women in developing countries like India and China.
Natural Gas Extraction
The process of exploring, drilling, and producing natural gas from underground reservoirs.
Imperfectly Elastic
Describes a demand curve that does react to price changes, but not in a perfect one-to-one relationship, indicating some sensitivity to price changes but not to an infinite degree.
Substitute
A good or service that can be used in place of another to satisfy similar needs or desires.
Economic Rent
The excess payment made to a factor of production over what is necessary to keep it in its current use, reflecting payment beyond its opportunity cost.
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