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What is expectancy theory?
Declining Industry
An industry experiencing a long-term drop in output, sales, or employment.
Lagging Technology
Technology that is behind the current standard or trend, often outdated or rendered obsolete by new innovations.
Inelastic Nature
A characteristic of a good or service whose demand does not significantly change with the price.
Agricultural Demand
The total demand for agricultural products, influenced by factors such as population growth, income levels, and dietary preferences.
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