Examlex
Explain the exchange and distribution functions of marketing.
Substitute Resources
Resources or inputs that can be used in place of each other in the production process.
Inelastic
Describes a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.
Remittances
Money sent by migrants back to their home countries, often to support family members financially.
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a specific time period.
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