Examlex
Which of the following best describes a theory?
Inequitable
Refers to a lack of fairness or justice in a situation or distribution of resources.
Public Goods
Commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.
External Costs
Costs incurred as a result of an economic activity that are not reflected in the market price, often shouldered by society or the environment.
Unemployment
A situation where individuals who are able and willing to work are not able to find employment.
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