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physical and mental work done by people called labourers (workers/employees) for a reward or payment.
consumers will not react; or react only slightly; to a change in price.
(also called the rate of poverty) the percentage of the population living below the poverty line...
when a consumer allocates income so that the last rand spent on each product yields the same...
when demand and supply are allowed to operate freely to form prices.
the amount of money that a business receives for selling its goods and services within a period...