Examlex
The paragraph must fulfil the topic sentence to prevent the writer wandering away from the topic.
Government Subsidy
Financial assistance provided by the government to businesses, individuals, or other governmental units in support of an activity deemed beneficial to the public.
Supply
The total amount of a product or service that is available to consumers, determined by factors such as price, production costs, and market demand.
Allocative Efficiency
A state of the market where resources are allocated in a way that maximizes the net benefit to society, ensuring that every good or service is produced up to the point where the last unit provides a benefit equal to its cost of production.
Productive Efficiency
A situation where the economy or a production process is unable to produce more of one good without reducing the production of another good, using available resources in the best way.
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