Examlex
What is information acceleration (IA)? Explain with an example.
Inflation
The quickness at which the comprehensive level of goods and services' prices rises, corroding purchasing ability.
Real Income
The earning power of a person's money, considering the effects of inflation on purchasing power.
Wages
Payment to resource owners for their labor.
Externality
A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.
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