Examlex
Social change always means progress; almost all evidence suggests that life is getting better.
Internet
A global network connecting millions of computers, enabling the exchange of data, news, and opinions.
Transaction Costs
The expenses incurred when buying or selling goods or services, beyond the price of the goods.
Opportunity Cost
The value of the next best alternative forgone as the result of making a decision.
Voluntary Exchange
A transaction where two parties trade goods or services by mutual agreement without coercion.
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