Examlex
A company produces an intermediate good on the last day of the year.If it is sold, GDP will not increase, but if it is not sold, GDP will increase.
Duties
Obligations that an individual or entity is bound to perform, often by legal, ethical, or moral considerations.
Statutory Authority
Legal powers granted to an entity or individual by a statute, enabling them to enact or enforce laws.
Revocation
The action of withdrawing, cancelling, or annulling something previously granted, such as a right, license, or contract.
Captured Agency
A situation where a regulatory agency is dominated by the interests of the industry it is supposed to regulate.
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