Examlex
Due process requires that all individuals not released by the officer in charge at a police station must see a justice of the peace within a specified period.
Public Good
Goods or services that are distributed to all individuals within a society without charge, presented by either public authorities or private entities, not for profit motives.
Free-rider Problem
A situation where individuals or entities benefit from resources, goods, or services without paying for them, which often leads to under-provision of those goods or services.
Private Firms
Businesses that are owned by individuals or groups of individuals and are not controlled or operated by the government.
Public Good
A public good is a commodity or service that is made available to all members of a society, typically by the government, and is characterized by non-excludability and non-rivalry in consumption.
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