Examlex
What are four consequences of the enlarged scope of governmental action?
Practical Constraints
Limitations arising from real-world conditions that affect the feasibility of a project or action.
Decision Maker
An individual or group responsible for making choices that determine the course of actions in various situations or organizations.
Sunk Cost
Sunk Cost represents money that has already been spent and cannot be recovered, often considered irrelevant to future economic decisions.
Lure of the New
A phenomenon describing the attraction or preference for novel products, technologies, or ideas over those that are more familiar or traditional.
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