Examlex
A company that formerly produced software went out of business because too many potential customers bought illegally-produced copies of the software instead of buying the product directly from the company.This instance serves as an example of
Value Judgments
Assessments or opinions made based on a set of criteria or moral standards rather than factual evidence alone.
Marginal Costs
The increase or decrease in the total costs incurred by producing one additional unit of a product or service.
Resources Scarcity
The economic problem of having seemingly unlimited human wants in a world of limited resources.
Consumer's Income
The total amount of earnings available to an individual or household to spend or save after taxes.
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