Examlex
The text suggests that each branch of government tends to emulate the others.
Consumption And Investment
Expenditures by households on goods and services and allocations of resources for future earnings.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing between multiple options.
Voluntary Exchange
is a transaction where parties trade goods or services by mutual agreement, each benefiting from the exchange.
Private Property Rights
The legal rights to possess, use, and dispose of assets such as land, buildings, or personal items, protected under the law.
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