Examlex
The most successful parasites are the ones that live in harmony with their hosts.
Samuelson's Theory
Refers to economist Paul Samuelson's contributions to economic theory, including insights on public goods, trade, and welfare economics.
Public Expenditure
Government spending on the provision of goods, services, and infrastructure to the public.
Public Good
Services or commodities provided to all societal members without a fee, by the government or a private organization, not for profit.
Tiebout Hypothesis
An efficient mix of public goods is produced when local land/housing prices and taxes come to reflect consumer preferences just as they do in the market for private goods.
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