Examlex
The ________ refers to the fact that most of us want a "socially desirable person regardless of his or her own level of social desirability" (Sprecher, 1998) . To put it another way, people who possess socially desirable characteristics (such as, beauty, wealth, status, and education) tend to partner with people who also possess these same desirable characteristics; their resources are equally matched.
Economic Inefficiency
A situation in which resources are not used in the most effective way, leading to potential losses in productivity or value.
Consumer Preferences
The specific desires, likes, and dislikes that influence the purchasing behavior of consumers.
Economic Profit
The profit a company makes after deducting both its explicit (actual cash outflows) and implicit (opportunity) costs.
Profit Motive
The driving force behind business activities focused on achieving financial gain.
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