Examlex
The trend in most companies is to have more variable costs and fewer fixed costs.
Spillover Costs
Costs incurred by third parties as a result of economic activities that are not reflected in market transactions.
Concentrated Benefits
Advantages that are significantly focused on a small group rather than being distributed widely across many individuals.
Diffuse Costs
Costs that are spread out over many consumers or taxpayers, making them hard to identify and attribute to any single action.
Median-Voter Model
A theory suggesting that the outcome of majority voting processes will reflect the preferences of the median voter.
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