Examlex
You want a fast CPU for the new computer you are building and your motherboard only has one CPU socket. To increase the processing power, you need a CPU that provides more than one processor. What type of CPU are you looking for?
Invisible Hand
A term coined by Adam Smith to describe the self-regulating behavior of the marketplace where individuals pursuing their own interest often benefit society as a whole.
Government Resource Allocation
The process by which government entities decide how to distribute resources and funds between various projects or sectors.
Competitive Forces
The external factors that influence the competitive position of a firm within an industry, including competition from rivals, potential new entrants, substitute products, bargaining power of suppliers, and bargaining power of customers.
Marginal Benefits
The additional benefits received from consuming or producing one more unit of a good or service.
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