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Mention and Explain at Least Three Other Determinants That Could

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Essay

Mention and explain at least three other determinants that could cause changes in demand, besides price.


Definitions:

Insurance Company

A business that provides coverage, in the form of compensation following a loss, in exchange for premium payments.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.

Norman Daniels

A philosopher known for his work in health ethics, particularly his theories on justice, health, and healthcare.

Market Economy

An economic system where supply and demand determine production, distribution, and price levels, largely without government intervention.

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