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What is the name applied byChapter 12 to the group of scholars who,during the reign of Thatcher,Reagan,and Mulroney governments,advocated for more punitive sanctions for crime?
Resource
An economic or productive factor required to accomplish an activity, or to provide a benefit to the economy, such as raw materials, labor, and capital.
High Demand
A situation in which the desire for a product or service exceeds the available supply, often leading to higher prices.
Low Demand
A situation where the desire or need for a particular product or service is less than the supply available.
Pure Competition
A market structure characterized by a large number of small firms, a homogeneous product, and very easy entry and exit from the market.
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