Examlex
Which of the following is used to explain why a consumer's willingness to buy a mobile increases as the number of other people who own and use mobiles increases?
Population Growth
The increase in the number of individuals in a population, often measured by the rate at which the number of individuals increases in a specific time period.
Catch Up
The process through which countries or businesses lagging behind in technology, productivity, or economic development attempt to close the gap with leaders.
Zika Virus
A mosquito-borne virus that can cause birth defects and other neurological conditions in infants born to infected mothers.
Free Trade
The absence of tariffs, quotas, and other regulatory barriers to trade between countries, allowing for the unrestricted exchange of goods and services.
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