Examlex
Which part of the eye is circular opening in the iris that allows light to enter?
Allocation of Resources
The process of distributing available resources for various uses in an economy.
Leaky Bucket
A metaphor often used in economics to describe the inefficiencies or waste that can occur in the distribution or allocation of resources.
Utilitarian Argument
A perspective in ethics that emphasizes the greatest good for the greatest number of people as the criterion for determining right actions.
Equalize Incomes
Strategies or policies implemented to reduce income inequality among individuals or households.
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