Define and Distinguish Between the Following: Epicentre,focus,foreshock,aftershock

question 76

Essay

Define and distinguish between the following: epicentre,focus,foreshock,aftershock.

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Definitions:

Net Seller

An individual or entity that sells more than it purchases in a given market, often resulting in a net inflow of funds.

Net Buyer

An entity or individual that purchases more of a commodity or asset than they sell in a specific period.

Normal Goods

Goods for which demand increases when consumer income increases, and falls when consumer income decreases, all else being equal.

Wage Rate

The amount of money that is paid to a worker for a specified quantity of labor, usually expressed per hour or piece of work done.