Christmas markets
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(Christmas market in Köln, Germany, in front of Cologne Cathedral, https://en.wikipedia.org/wiki/File:Weihnachtsmarkt_Dom_2011_1.jpg) A Christmas market is an outdoor market associated with the Christmas celebration and traditionally held during Advent. There is everything about the Christmas party but also about Saint Nicholas. … Read More

Utility function in consumer theory
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The utility function associated with each consumption bundle x is a number u(x) such that the basket is preferred to the cart z if and only if u(y)>u(z). It is very important to note that the number u(x) has psychological … Read More

Shelf life
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The shelf life is a date stamped on the packaging of certain commodities beyond which their organoleptic and nutritional qualities are not guaranteed: they may have less taste, less vitamins, a different consistency, without creating a hazard to health. Concerned … Read More

Rights and responsibilities of consumers
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Consumers around the world have rights, but also duties. The recognition of these rights is carried out in the 1960s by Consumers International, former International Organization of Consumers Unions. In 1983, Consumers International provides that March 15 will now be … Read More

Criticism of anti-consumerism
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Conspicuous consumption The term conspicuous consumption is often used critically to describe the tendency of people to identify strongly with the goods and services they consume, especially branded products, indicating a high social status (expensive jewelry, big car, etc.). The … Read More

Class action
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A class action, collective action or group action, is an action or procedure that allows a large number of people, often consumers, to prosecute someone, often a business or a public institution, to obtain financial compensation. Born in the United … Read More

ATM hardware and software
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ATMs uses processors with encryption, usually installed inside a computer embedded in a secure enclosure. The software is running in a current operating system. The safety of the device relies heavily on the secure processor. ATMs are connected to interbank … Read More

Anchor store
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The anchor tenants (anchor business, anchor store) is the main or a major business within a commercial property. The term is preferably in the context of retail properties and shopping centers used in which the anchor tenant of the customer … Read More

Automated teller machine (ATM)
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An automatic teller machine (ATM) is an electronic and electromechanical device allowing customers to perform various banking transactions self-service. Different models allow ATM to make withdrawals, accept deposits in cash or by check, order of remittances, print updates notebooks, increasing … Read More

Economic and societal change in EU
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The digital revolution The internet has fundamentally changed the way consumers shop and businesses advertise and sell their goods and services. It has created innovative ways of organising, accessing, sharing and evaluating information, for example on prices, technical product characteristics … Read More

Anti-consumerism
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The anti-consumerism means the socio-political movement opposed to consumption, which criticizes the effects of a market economy on the individual. The anti-consumerism is put in parallel with environmental anti-business activism (nature protection, animal rights, ecological consequences of economic activity) and … Read More

Indifference curve and marginal rate of substitution in consumer theory
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An indifference curve connects combinations of two goods and services whose consumption provides the same level of satisfaction. The indifference curves have three properties: the slope of the indifference curves is negative, the indifference curves do not intersect, and the … Read More

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