Examlex
During the expansion phase of the business cycle,which of the following eventually increases?
New Products
Items or services that have recently been introduced to the market and offer new features, functionalities, or benefits to consumers.
Market Economies
Economic systems in which economic decisions and pricing are guided by the interactions of citizens and businesses rather than by central planning.
Product Innovation
The process of developing new products or significantly improving existing ones to meet consumer needs or open new markets.
Total Utility
The complete fulfillment attained through the consumption of a specific amount of a product or service.
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