Examlex
_____ are in effect a form of punishment for violating the law and sometimes also serve as a preventive action.
Buggy Whips
A product or service that has become obsolete due to technological advancements or changes in consumer preferences.
Demand
The interest and capacity of buyers to acquire a product or service for a certain cost.
Human Capital
The abilities, understanding, and expertise held by a person or a group, considered in terms of their economic or value worth to a company or nation.
Ph.D.
A Doctor of Philosophy degree, a postgraduate academic degree awarded by universities.
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