Examlex
A prosecutor exercises prosecutorial discretion when deciding which witnesses to call for trial.
Output
The cumulative volume of goods or services yielded by a business, industry, or economic structure.
Production Possibilities Diagram
A graphical representation showing the maximum number of output combinations that an economy can achieve using its resources efficiently.
Inefficiently
Operating in a manner that does not maximize productivity or wastes resources, leading to lower outputs for given inputs.
Property Rights
Legal rights to possess, use, and dispose of assets, including real estate, intellectual property, and personal possessions.
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