Examlex
Why is it so difficult to build democracies throughout the world? What institutions would be necessary to enhance democracy?
Deregulation
The process of reducing or eliminating government oversight and rules in various industries to foster a more free-market environment.
Efficiency Gains
Improvements in the use of resources that allow for more output without increasing the input.
Natural Monopoly
A market condition in which a single firm can provide a product or service at a lower cost than any potential competitors, often due to economies of scale.
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