Examlex
Sensory experiences that occur in the absence of a stimulus are called
Association
A group of individuals who voluntarily come together to achieve a common purpose, often structured as a legal entity.
Causation
A relationship between two events where one event is affected by the occurrence of the other event.
Limited Resources
Refers to the finite availability of goods and inputs, such as labor, raw materials, and capital, which are used to produce economic outputs.
Unlimited Wants
The economic concept that humans have insatiable desires for goods and services, which exceeds the resources available to satisfy them.
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