Examlex
If the price of beef goes up then many consumers will substitute chicken for their meat purchase.
World Growth Rates
The rate at which the economic output of the world or specific countries increases over a given period of time.
Population
The entire group of individuals living in a particular area or country, or the total number of people within a specified demographic group.
Private Good
A type of good that is both excludable and rival in consumption, meaning access to the good can be limited by a seller and its use by one person diminishes the availability to others.
Basic Research
Investigative study aimed at gaining a comprehensive understanding of the fundamental aspects of phenomena without immediate commercial goals.
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