Examlex
Discuss the significance of decentralization.
Discretionary Income
The amount of an individual's income left for spending, investing, or saving after taxes and basic necessities have been paid.
Free Market
An economic system in which prices are determined by unrestricted competition between privately owned businesses.
Life Expectancy
The average period that an individual is expected to live, based on statistical averages of age, gender, and other demographic factors.
Leisure Time
Free time not taken up by work, chores, or other obligatory activities, allowing individuals to engage in activities of their choice.
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