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Economic Definition of Impatience
In economics, 'impatience' does not refer to a personal failing or character flaw. Instead, it is a neutral term that describes the simple preference for receiving a good or service now rather than later. It quantifies how much more an individual values present consumption over future consumption.
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CORE Econ
Economics
Social Science
Empirical Science
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Economy
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.9 Lenders and borrowers and differences in wealth - The Economy 2.0 Microeconomics @ CORE Econ
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