Examlex
Explain cation exchange.
Consumer Goods
Products and services that are consumed by individuals or households to satisfy their needs or wants.
Capital Goods
Items that are used in the production of other goods and services, rather than being bought by consumers.
Opportunity Costs
The cost of choosing one alternative over others, representing the benefits an individual, investor, or business misses out on when choosing one option over another.
Resource Shiftability
The flexibility with which resources can be shifted from producing one product to another in response to changing market demands.
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