Economics

5  1    10 flashcards    zkowalska2000
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Question Answer
A natural tendency to behave in a particular way
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Propensity
Proportionately; adequately
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​ Commensurately
products and services that consumers will buy regardless of the changes in their income levels, therefore making these products less sensitive to income change
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Necessity goods
Having less money and possessions​
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Worse off
Being in good condition or favorable circumstances
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Better off
A lack of compatibility or ​ similarity between two or more​ facts.
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Discrepancy
If two or more facts, pieces ​ of advice, etc. are contradictory, ​ they are very different from each ​ other.​
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Contradictory
evidence that the person has taken more value from others than he has provided in return
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Plunder
succeed in achieving​
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Attained
The unfair situation in society when some people have more opportunities, money, etc. than other people.
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Inequality

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