Staying Power Is Important for Consumers of Technology Products Because

question 20

True/False

Staying power is important for consumers of technology products because investment over time usually greatly exceeds the initial price paid for a product or service

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Definitions:

Income

The monetary payment received for goods or services, or from other sources, as rents or investments.

Real Output

Measures the quantity of goods and services produced, adjusted for inflation, to reflect the actual physical output.

Diminishing Returns

Diminishing returns is an economic principle stating that as more investments or resources are added to a production process, the incremental gain in output will eventually decrease if all other factors remain constant.

Disguised Unemployment

Situations where more people are employed in a task or job than is necessary for its completion, leading to inefficiency.