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In calculating the Consumer Price Index
Preferences Differ
Preferences differ highlights the individual variations in choices, likes, or dislikes among people based on their personal experiences, values, or cultural backgrounds.
Values
Fundamental beliefs or ideals that guide an individual's behavior and decision-making within both personal and professional contexts.
Schwartz's Model
A theoretical model proposing a universal structure of human values, identifying ten broad values that guide behavior across cultures.
Personality Traits
Enduring characteristics that describe an individual's behavior, thoughts, and emotions.
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