Examlex
Global positioning systems, while useful in navigation, have little utility in physical geography.
Private Consumptions
Private consumption refers to the spending on goods and services by individuals and households in an economy, excluding government expenditure.
Private Consumptions
The spending by households on goods and services, excluding purchases of new housing but including healthcare, education, and entertainment.
Majority Vote
A decision-making rule where the option that receives more than half of the votes is chosen.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by many people simultaneously without depletion.
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