Examlex
It is common agreement that prisons emerged and became the dominant mode of social control due to the work of reformers (referred to as the Whig view) who wanted to create a more humanitarian form of punishment.
Extensive Form
A representation of a game that displays the sequence of choices available to players and the outcomes achieved from these choices.
Sequential Game
A type of game in game theory where players make decisions or take actions in turn, with each player's decision influencing the next player's set of available choices.
Economic Profits
The net amount left when a business subtracts its full range of costs, explicit and implicit, from its entire revenue.
New Market
An emerging or previously unexplored segment of an industry where a business can expand or introduce its products or services.
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