Examlex
Explain the notion of six degrees of separation.
Coffee Beans
The seed of the coffee plant, used to produce the popular beverage coffee, following a process of drying, roasting, and grinding.
Essential
Refers to goods or services considered necessary for basic human functioning and living standards.
Marginal Rate of Substitution
The speed at which a consumer is ready to replace one product with another, keeping their level of contentment constant.
Marginal-Utility Analysis
An economic method that evaluates how the addition of one more unit of consumption affects overall utility.
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