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Suppose that Xolisa, Adbul, and Meera are three lonely individuals who all cope with their loneliness in various ways.Xolisa has a large greenhouse with numerous plants, and she talks with her plants every morning as though they were close friends.Abdul, by contrast, strongly identifies with his favourite sports teams, and comes to think of his attachments to these teams as relationships.Finally, Meera copes with her loneliness by watching several situation comedies, where she thinks of the characters on these shows as her 'friends'.Which of these strategies is likely to be effective at alleviating loneliness?
Efficient Allocations
The optimal distribution of resources among competing uses to achieve the highest overall level of welfare or utility.
Market Failures
Situations where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.
Government Intervention
Actions taken by a government to affect or interfere in an economy or market, usually in the interest of public welfare or economic stability.
Economic Systems
The organized way in which a country allocates resources and apportions goods and services in the national community.
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