Examlex
The form of competition where just a few companies control the majority of industry sales is referred to as
Free Trade
International trade left to its natural course without tariffs, quotas, or other restrictions.
Low Tax Rates
A situation in which the percentage at which an individual or corporation is taxed is lower than the typical or average rate.
Special-Interest Effect
The phenomenon where policies or regulations are influenced primarily by a small, vocal group acting in its own interest, rather than the broader public interest.
Private-Sector Provision
Goods and services provided by businesses and private individuals rather than the government, often driven by profit.
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