Examlex
One disadvantage associated with mind wandering is:
Externalities
Costs or benefits that affect a party who did not choose to incur those costs or benefits, often leading to market failure if unaddressed by policy.
Rent-seeking Activities
Efforts to increase one’s share of existing wealth without creating new wealth, often through manipulation of the economic environment.
Economic Efficiency
Economic Efficiency occurs when a system allocates resources in a way that maximizes the production of goods and services at the lowest cost.
Political Corruption
The abuse of entrusted power by political leaders for private gain, undermining democracy and governance.
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