Term
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Definition
| describes a vertically integrated firm engaged in a combination of product development, sourcing and retailing. |
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Term
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| a firm engaged in the entire process of apparel manufacturing |
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| process involved with merchandising, design, product development, production, and often wholesale marketing. |
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| part of the process of apparel manufacturing that actually converts materials into a consumable good |
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| Apparel Production Vendor |
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Definition
| a firm that takes orders for apparel products from other firms and that either produce or arrange for the production of those specific garments, "production contractors" |
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Term
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Definition
| identifying appropriate countries of origin and contracting with cost efficient vendors for services, production, or finished goods, for delivery of a specified quantity and quality within in an identified time frame |
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| another name for vertically integrated apparel firm whose business is based on a stable of valuable product names/brands |
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| company that provided sourcing services to retail buyers primarily fromt he 1950s through the 1980s |
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| apparel contractors who commonly provide apparel assembly as their primary service |
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| a business formed when firms serving multiple markets join together with common ownership |
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| a firm that provides services for other businesses, often used for selected apparel manufacturing process, in todays sourcing language these firms are called vendors |
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Definition
| the location where goods were grown mined produced or manufactured |
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Definition
| a retailer that provides a variety of product lines at moderate to higher price levels |
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Definition
| a nation whose gross domestic product per capita and other measures of well being fall near well above the world average |
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Definition
| a nation whose GDP per capita falls near or slightly below the world average based on the benefits of industrial growth |
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Definition
| exchange of goods and services within the boundaries of a specified state or country |
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| electronic business transactions conducted by systems such as the internet |
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Term
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Definition
| retailers providing opportunities for ultimate consumers to purchase products or services using electronic systems such as the internet |
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Definition
| goods shipped to another country for import in exchange for money other goods or jobs |
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Definition
| materials other than face fabric used to construct garments such as pockets closures and trims |
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Definition
| apparel contractor that noto nly provides production services but also assists with finances materials sourcing and sometimes some phases of product development |
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Definition
| includes the potential interactive participation of many groups, cultures, and nations in the merchandising, design, development, production and distribution of products |
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Definition
| the process where by the world's people, their firms, and their countries become increasingly interconnected in all facets of their lifes |
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Definition
| the market value of output produced within a country for a year |
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Term
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Definition
| the value of the average output produced by domestic residents of a nation as they labor within that nation |
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Definition
| joining together under a single management organization previously competitive enterprises engaged in offering similar goods |
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Definition
| effective management of inventory based on accurate and timely information and frequent resupply |
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Definition
| a nation whose GDP per capita and other economic measures are among the lowest in the world often involves production of apparel |
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Term
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Definition
| calendar time set aside for trade shows featuring manufacturers and brand mangers lines of textile materials apparel or machinery presented at wholesale to other manufacturers or retail buyers |
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Definition
| a firm that offers a wide variety of consumer goods in a self-service environment with broad appeal across income ranges ethnic groups occupations and lifestyles |
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Definition
| combining two business entities into one larger business |
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Definition
| a nation whose GDP per capita fall well below the world average but is beginning to be engaged in industrial development |
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Definition
| a firm that sells goods to the ultimate consumer with out the use of traditional brick and mortar store presentation |
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Term
| Origin-conferring operations |
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Definition
| processes that determines what a label on a product will state as country of origin |
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Definition
| shifting specific operations outside the country in which the origin-conferring operations are performed |
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Definition
| outsourcing non origin conferring operations to a country with a lower wage rate |
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Term
| PPP (Purchasing Power Parity) |
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Definition
| measure that allows comparison of well-being among populations in different countries, as indicated by GDP, |
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Term
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Definition
| used to restrict quantitates of certain types of goods that can be imported or exported limit on the quantity of products allowed to enter or exit the country |
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Definition
| an individual or team that creates the product design and develops the merchandise plans and specifications for a retailer's private brands which are ultimately sourced from production vendors |
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Definition
| determining the most cost effective vendor or services at a specified quality and service level for delivery within a specified time frame |
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Definition
| the involvement of government in the business environment |
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Definition
| corporate responsibility strategy that integrates economic, political, environmental and cultural dimensions to promote cooperation and solidarity among people and generations |
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Definition
| the absorption of a weaker firm into a more successful operation |
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Definition
| tax on imports or exports |
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Definition
| the combination of textiles related industries that supply soft goods to the world population |
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Definition
| a means of encouraging regulating or restricting elements of trade among countries |
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Definition
| the quantitative relationship between imports and exports of a country |
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Term
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Definition
| means of regulating or restricting trade examples being tariffs, quotas, and limits on foreign investment |
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Term
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Definition
| combing firms that perform different stages of production of the same type of products |
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Term
| WTO (world trade organization) |
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Definition
| an organization with more then 153 countries as members deals with the global rules of trade among nations |
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Term
| WTO (world trade organization) |
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Definition
| an organization with more then 153 countries as members deals with the global rules of trade among nations |
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Term
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Definition
| the act of making garments for personal use |
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Term
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Definition
| tend to be standardized and utilitarian with infrequent demand for changes in styling |
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Term
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Definition
| a product purchased and used along with another |
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Term
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Definition
| the amount of goods that can be purchased with a given amount of money at a given place and time |
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Term
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Definition
| discard of products owing to lack of interest in them rather than lack of their usability |
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Term
| CPI (Consumer Price Index) |
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Definition
| a measure of the impact of inflation on consumer buying power in the United States |
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Term
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Definition
| money used to support the level of consumption during a specific period |
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Term
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Definition
| the act of giving up possession and ownership of a garment, reduces inventory |
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Term
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Definition
| a product consumed out of necessity but not preferred according to the standard of consumption |
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Term
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Definition
| increase in general price level |
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Term
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Definition
| the entire stock of garments owned by an individual or group that could be used as clothing at a given time |
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Term
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Definition
| that which is actually experienced enjoyed or suffered by an individual or group during a given time period |
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Term
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Definition
| the amount spent increases as income increases and decreases when income decreases but at a slower rate then the income or decrease |
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Term
| Elasticity of clothing expenditure |
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Definition
| inelastic positive, but less than one. a normal good |
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Term
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Definition
determined by relative changes in prices and expenditures
(percentage change in price /percentage change in income) |
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Term
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Definition
| the most frequent means of clothing acquistion, purchased new ready to wear in developed countries, purchased second hand/ or handed down in developing countries |
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Term
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Definition
| has an increase in tax rate as income rises |
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Term
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Definition
| has an increase in tax rate as income rises |
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Term
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Definition
| has an increase in tax rate as income rises |
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Term
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Definition
| has an increase in tax rate as income rises |
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Term
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Definition
| has an increase in tax rate as income rises |
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Term
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Definition
| the amount of goods or services that can be acquired with a specified amount of currency at a particular time |
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Term
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Definition
| outlay adjusted to reflect buying power considering rate of inflation |
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Term
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Definition
| earnings adjusted to reflect buying power considering rate of inflation |
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Term
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Definition
| requires lower income people to pay higher rates than higer income people |
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Term
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Definition
| a means of acquiring clothing other than the primary source, gifts, purchased used, handed down rental home sewing custom made and others |
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Term
| Standard consumption living |
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Definition
| a level that is urgently desired and strived for |
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Term
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Definition
| a preferred protudct according to standards of soncumption and living |
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Definition
| a means of momentary clothing aqcuisition from sources such as rental borrowing or clothing provided by an employer |
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Definition
| a manufacturing facility that interloops yarns to produce garments without produing the fabric first such as scarvees hats sweaters |
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Term
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Definition
| and estimation of doemstic consumption based on levels of domestic production imports and exports |
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Term
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Definition
| fabric mills that specializ in application of yarn and fabric finishes |
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| cut and sew apparel manufacturing |
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Definition
| an apparel production plant that performs bot preproduction and production processes |
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Term
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Definition
| merchandise that is not salable at the intended price |
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Definition
| products made in the home country |
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Term
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Definition
| processes that convert greige goods into completed fabrics |
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Term
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Definition
| made directly from fibers traditionally called non wovens |
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| flexible production system |
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Definition
| qucikly and efficiently producing a variety of styles at low volume per style with zero defects |
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Term
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Definition
| fabrics whose fibers are still their natural color and texture usually require additional processes to improve aesthetics or performance |
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Term
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Definition
| Harmonized commodity descriptionand classifications system developed by the world customs organization |
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Definition
| the amount of consumption that is provided by imports |
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Definition
| apparel that is specially designed and produced for children from birth until the begin walking |
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Term
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Definition
| the science of moving producte through the supply chain to their final destination in a timely manner |
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Term
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Definition
| the integration of information technology automation and team bassed flexible manufacturing to produce a variety of products and services based on individual customer demand |
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Term
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Definition
| internaitonal trade agreement that allowed the quantity of textile and apparel trade to be regulated through quotas established in bilateral agreements between nations |
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Term
| North American Inudstry Classification System |
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Definition
| introduced in 1997 to standardize the identification of textiles and apparel for Canada Mexico and the United States in a manner consistent with the world market |
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Term
| Office of textile and Apparel (OTEXA) |
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Definition
| a division of us department of commerce that monitors textile trade throughout the globe in terms of both quantity and value |
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| Radio frequency identification |
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Definition
| a new generation of wireless bar code systems being used for identifying and tracking products |
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Term
| Square meter equicalent (SME) |
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Definition
| a means of measuring quantities of fabrics and garments that are being exports or imported |
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Term
| Standard Industrial Classification System (SIC) |
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Definition
| replaced by the north american industrial clasification system |
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Term
| Universal Product code (UPC) |
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Definition
| a bar code system for identifying and tracking products or containers |
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Term
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Definition
| that which is actually experienced enjoyed or suffered by an individual or group during a given time period |
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