Examlex
Which of the following represents a secondary circular reaction?
Social Costs
The total cost to society as a whole for producing a good or service, including both the private costs incurred by firms and also any costs inflicted on third parties.
Special Interest Groups
Groups of people or organizations with common interests that seek to influence public policy and decisions.
Shortsightedness Effect
The shortsightedness effect refers to the tendency of decision-makers to prioritize short-term gains over long-term outcomes, often leading to suboptimal results.
Immediate Benefits
Advantages or gains that can be realized in the near term without significant delay.
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