Examlex
The equilibrium value of the marginal product of a factor is the additional value produced by the most productive unit of that factor employed in the factor market as a whole.
Ethnocentrism
The tendency to view one's own culture or ethnic group as superior to others, often leading to judging other cultures by one's own cultural norms and standards.
Sanctions
Penalties or other means of enforcement used to provide incentives for obedience with the law, or with rules and regulations; can be positive (rewarding) or negative (punishing).
Legislation
Laws or acts passed by governing bodies to regulate, authorize, forbid, or declare something.
Counterculture
A way of life and set of attitudes opposed to or at variance with the prevailing social norm; often associated with movements in the 1960s.
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