Examlex
The ability of an individual to own and exercise control over scarce resources is called
Utility Maximizer
An individual or entity that seeks to achieve the highest level of satisfaction possible from their consumption choices, given their resources.
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.
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