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In the human growth sequence, a child who is between the ages of 15 to 18 months and two to two and half years old would be
Income
Earnings accrued from work or investment sources on a consistent basis.
Goods
Physical items that satisfy human wants or needs, which can be bought, sold, or traded.
Maximizing Utility
The process or goal of obtaining the highest level of satisfaction or benefit from the consumption of goods and services, given constraints like income.
Utility
A measure of satisfaction, usefulness, or value that an individual or society derives from a good or service.
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