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Discuss the formation of the winter and summer monsoon in India.
Income Elasticity
A measure of how much the demand for a good or service changes relative to a change in consumers' income.
Housing Property
Real estate that includes residential homes such as single-family houses, apartments, and condos, used for living purposes.
Recession
A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.
Demand Elasticity
A measure of how sensitive the quantity demanded of a good is to a change in its price.
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