Examlex
Brainstorming is a technique for generating ideas by encouraging participants to offer as many ideas as possible in a short period without any analysis until all the ideas have been exhausted.
Externalities
Economic side effects or by-products that affect an uninvolved third party; can be either positive or negative.
Public Goods
Items that are non-excludable and non-rivalrous, meaning they can be enjoyed by everyone, regardless of whether they contribute to their provision.
Protective Function
Activities carried out by the government to safeguard the economy and its agents, such as regulation and enforcement.
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