Examlex
Draw an appropriate Venn diagram and use the given information to fill in the number of elements in each region.
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Low-Income Families
Households that earn significantly less income than the average for their location or society, often qualifying them for certain types of financial aid.
Efficient Allocation
The optimal distribution of resources among competing uses, allowing for the best possible achievement of goals with minimal wasted effort or expense.
Resource Allocation
The process of assigning and managing assets in a manner that effectively supports an organization's strategic goals.
Factor Markets
Marketplaces where services of the factors of production (like labor, capital, and land) are bought and sold.
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