Examlex
Describe the goals of bureaucracies and how elements such as multiple advocacy, the bureaucratic politics model, and policy networks influence how bureaucracies operate in foreign policy decision making.
Dynamic Change
Dynamic change refers to the continuous and possibly unpredictable changes in conditions, situations, or systems over time.
X-Inefficiency
Occurs when a firm operates at higher costs than necessary, often due to lack of competitive pressure or managerial inefficiency.
Usury Law
A legal regulation that limits the maximum interest rate that can be charged on loans, designed to protect consumers from exorbitant rates.
Market Equilibrium
The state in which the supply of an item matches its demand, resulting in a stable price for the item.
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