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Median-Voter Model
A theory that suggests the outcome of a majority vote is likely to represent the preferences of the voter who is in the median position.
Political Office Seeker
An individual actively pursuing or intending to pursue election to a political position within government.
Government Spending
The total amount of money spent by the government on various sectors including education, defense, infrastructure, and health services.
Externality Problems
Situations where the actions of individuals or businesses have effects on third parties that are not accounted for in the market price.
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