Examlex
A computer program recognizes an ORF by looking for ribosomal binding sites, start codons, and stop codons with an appropriate number of nucleotides between each element. What is a drawback of this approach?
Feasible Allocation
In economics, it refers to the distribution of resources or goods in such a manner that it is possible given the available supply.
Second Welfare Theorem
An economic principle stating that under certain conditions, any efficient allocation of resources can be attained through a competitive equilibrium, assuming perfect markets and price flexibility.
Pareto Optimal
A distribution state of resources where trying to improve the status of one individual inevitably leads to the decline of another's.
Competitive Equilibrium
A state in a market-based economy where supply equals demand, and prices are stable, facilitating the optimal distribution of resources.
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