Examlex
All of the following describe PRIZM's lifestyle group called "Lunch at Tim's" except:
Recession Phase
A temporary downturn in the economy, observed through decreased industrial and commercial pursuits, typically observed by a GDP decline in two consecutive quarters.
Endogenous
Endogenous refers to factors or processes that originate from within a system, such as internal economic conditions or policies affecting an economy's performance.
Innovation Theory
A concept in economics that attributes economic growth and development primarily to the introduction of new technologies and improvements in processes or products.
Under Consumption
A situation where consumers are spending less than what is needed to drive economic growth due to various factors like low income or high savings.
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