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What type of rule is characterized by the consent of the people translated through elected officials?
Frank Knight
was an influential American economist known for his work on risk, uncertainty, and the role of the entrepreneur in economic theory.
Probability
The measure of the likelihood that an event will occur.
Land Rents
Payments made for the use of land, reflecting the value attributed to location and fertility in agricultural or real estate markets.
Changes
Alterations, modifications, or transformations in conditions, situations, or objects over time.
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