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Time preference is the current relative valuation placed on receiving a good or some cash at an earlier date compared with receiving it at a later date. Learn how time preference affects consumption, saving, investment, interest rates, and temporal discounting, and how it varies across countries and individuals.
A low-cost carrier (LCC) is an airline that minimizes operating costs and offers cheaper fares by sacrificing some traditional services. Learn about the common features, business models, and examples of LCCs around the world.
Pennsylvania is a U.S. state with diverse geography, history, and culture. It was founded by William Penn in 1681, played a key role in the American Revolution and the Constitution, and has many symbols, attractions, and nicknames.
Linux is a family of open-source Unix-like operating systems based on the Linux kernel, first released on September 17, 1991, by Linus Torvalds. Learn about the history, design, development, and uses of Linux and its distributions, as well as the controversy over the name and license.
Alibaba Group is a multinational technology company that operates various online platforms for e-commerce, cloud computing, artificial intelligence, entertainment and more. Founded in 1999 by Jack Ma, it is one of the world's largest internet companies and a major player in China's digital economy.
Costco is a multinational corporation that operates a chain of membership-only big-box stores selling bulk goods and merchandise. It was founded in 1983 and merged with Price Club in 1993, and now has over 890 warehouses worldwide.
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