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relational
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Also available:
World English Dictionary
Dictionnaire Français
relative income hypothesis
rel·a·tive in·come hy·poth·e·sis
noun
Definition:
belief that people spend like others:
the economic theory that consumption is partly dependent on the spending behavior of other people
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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