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Hot, molten rock moves up from Earth's core, causing the continents to drift apart.
Elasticity Coefficient
A measure that indicates how much the quantity demanded of a good or service changes in response to a change in price.
Average Revenue
The revenue a company receives for selling one unit of a product, or the total revenue divided by the quantity of products sold.
Product Differentiation
A marketing strategy that involves distinguishing a product or service from others in the market to attract a specific target audience.
Pure Competition
A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to price determination by supply and demand.
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