Examlex
You are given two rock samples; one is said to be a clastic sedimentary rock and the other a chemical sedimentary rock. How can you tell which is which? (3.2)
Preferences
In economics, the individual tastes and desires that dictate the choice of consumption or the selection of goods and services.
Utility Function
An economic tool that measures the preference level of consumers for different combinations of goods and services.
Private Consumptions
Private consumption refers to the spending on goods and services by individuals and households in an economy, excluding government expenditure.
Private Consumptions
The spending by households on goods and services, excluding purchases of new housing but including healthcare, education, and entertainment.
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