Examlex
Find the least common denominator (LCD) .
Bike Paths
Designated routes or tracks exclusively for bicycles, providing a safe space for cyclists away from motor vehicle traffic.
Public Good
Goods or services that are distributed to all individuals within a society without charge, presented by either public authorities or private entities, not for profit motives.
Free-rider Problem
A situation where individuals or entities benefit from resources, goods, or services without paying for them, which often leads to under-provision of those goods or services.
Private Firms
Businesses that are owned by individuals or groups of individuals and are not controlled or operated by the government.
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