Examlex
Which of the following characteristics distinguishes jails from prisons?
Economically Inefficient
A situation where resources are not allocated optimally, leading to waste or the inability to maximize value or output.
Nonrivalry
The idea that one person’s benefit from a certain good does not reduce the benefit available to others; a characteristic of a public good.
Consumption
The use of goods and services by households, often considered a primary economic indicator.
Rivals
Competitors within a market, vying for the same customers or resources in an effort to achieve economic or strategic advantages.
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