Examlex
Perform the indicated operations.
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Consumer Sovereignty
The principle that the production and sale of goods and services in an economy are determined by the preferences and decisions of consumers.
Invisible Hand
A concept introduced by Adam Smith to describe how individuals’ self-interested actions can lead to positive social and economic outcomes for the community as a whole.
Self-Interest
An individual’s actions and decisions motivated by personal gain or benefit.
Public Interest
Denotes the well-being of the general public and the consideration of what is beneficial for society as a whole.
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