Examlex
The most obvious indicator of the supremacy of democracy in the United States was the ________.
Market Failure
A scenario in which the distribution of goods and services through an unregulated market fails to achieve efficiency, typically resulting in a decrease in overall social welfare.
Economies
The system by which goods and services are produced, distributed, and consumed within a particular area or community.
Basic Types
Basic Types refer to fundamental categories or classifications used in various contexts, such as programming, economic goods, and more, depending on the specific field of study.
Externality
An economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume.
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