Examlex
As consumers have a longer time period to respond, the demand for a product typically becomes more inelastic.
Savers
Individuals or entities that set aside a portion of their disposable income, rather than using it for consumption expenditures.
Borrowers
Individuals or entities that take out loans from financial institutions or individuals, agreeing to repay them over time, typically with interest.
Speculative Motive
The intention to hold cash for the purpose of taking advantage of future changes in the value of assets, securities, or commodities.
Double Coincidence Of Wants
A situation in barter economies where two parties each have what the other wants and agree to trade directly.
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