Examlex
If a person is outnumbered 3 to 1, the conformity effect is about as strong as if the person were outnumbered
Scarce Resources
Resources that are limited in supply and are not available in sufficient quantities to satisfy all the various ways a society wants to use them.
Society
A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.
Economic Profit
The disparity between a company's complete earnings and all its expenses, encompassing both direct and potential costs.
Resource Value
The worth of a resource, based on its utility in producing goods and services or its trade value in the market.
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