Examlex
The tendency to view the norms and values of one's culture as absolute and use them as a standard against which to judge the practices of other cultures is known as:
Clean Air
The condition of the atmosphere when it is free from pollutants, contaminants, and other harmful substances.
Network Externality
The effect that an additional user of a good or service has on the value of that product to others, often increasing the utility as more people use it.
Elastic
Refers to the responsiveness of the quantity demanded or supplied of a good to a change in its price.
Inelastic
Describes a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.
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