Inelastic demand : will be least affected by the change in price, usually a basic needs
Elastic demand : will be the most affected by change in price
Example of products from the MOST ELASTIC to the LEAST ELASTIC :
Boot-Cut Jeans -- Pants -- Clothing
Answer:
REPEATED RECITATION
Explanation:
A situation in which a person recites a thing over and over to oneself until it sticks to mind.
Confederate--or a confederation of states.
<span>Unitary is no state sovereignty.
</span>Authoritarian is a dictatorship.
In the savings-borrowing-investing cycle, the person or the individual involved will first borrow money or resources to establish capital for their business ventures. Next, they invest in this capital to produce products that would allow money to come in. Lastly, they pay the amount they borrowed and they 'save' their profits for future use, to use for capital again, or to borrow money for the business.
