Examlex
A bona fide seniority system that perpetuates past wrongs is illegal only if discriminatory intent is proven.
Utility
Describes the complete fulfillment derived from the use of a product or service.
Demand Curve
A graph showing the relationship between the price of a good and the amount of the good that consumers are willing to purchase at that price, ceteris paribus.
Zero Price
Refers to a situation where a good or service is offered without requiring payment; often to promote sharing or distribution efficiency.
Marginal Utility
The supplementary satisfaction or advantage a consumer experiences by using one more unit of a good or service.
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