Examlex
In what ways do "politics" affect the functioning of the state's court system?
Business Cycle
The fluctuations in economic activity that an economy experiences over a period of time, characterized by phases of growth (expansion) and decline (recession).
Game Theory
The study of how people behave in strategic situations in which individuals must take into account not only their own possible actions but also the possible reactions of others. Originally developed to analyze the best ways to play games like poker and chess.
Economies Of Scale
Cost advantages that enterprises obtain due to their scale of operation, typically associated with efficiencies in production as output increases.
Collusion
An agreement between firms in a market to limit competition and manipulate prices or market conditions.
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