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Describe the prototype approach to categorization.Define prototype and give examples for the category of "clothing." Mention items that are high and low on prototypicality in the clothing category.Finally,describe the experiments that Rosch and her colleagues did to demonstrate the connections between prototypicality and behavior.
Pareto Optimal
A state of allocation of resources from which it is impossible to reallocate without making at least one individual worse off.
Public Goods
Goods or services that are non-excludable and non-rivalrous, meaning they are available to all and not diminished by use.
Private Consumption
Spending by households and individuals on goods and services for personal use, excluding purchases by businesses or governments.
Pareto Optimal
A situation in which it is impossible to make any one individual better off without making at least one individual worse off.
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