Examlex
What is the observable expression of an individual's genetic material?
Rent-seeking
The practice of individuals or firms leveraging their resources to obtain economic gains without reciprocating any benefits back to society through wealth creation.
Gambling Monopoly
A situation where a single entity controls the provision of all gambling services and activities within a particular jurisdiction.
X-inefficiency
The difference between efficient behavior of businesses assumed or required by economic theory and their observed behavior in practice, often due to a lack of competitive pressure.
Tight Supply Conditions
A market situation where the supply of a good is limited, often leading to higher prices.
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