Examlex
How has technology affected the ways in which wars are waged? Provide some specific examples.
Substitution
The action of replacing one good or service with another based on changes in relative prices, incomes, or preferences.
Indifference Curve
A graph showing different combinations of two goods that provide the same level of utility or satisfaction to a consumer.
Utility
In economics, a measure of satisfaction, usefulness or value that an individual gains from consuming goods and services.
Consumption Bundle
A combination of goods and services selected by a consumer for personal use.
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