Examlex
What is meant by the term Socratic method in reference to modern teaching methodologies?
Government Failure
Situations where government interventions in the economy cause more inefficiency and problems than they solve.
Competitive Markets
Markets in which there are many buyers and sellers so that each has a negligible impact on the market price.
Constitutional Reform
The process of formally changing or amending the constitution of a nation or state to address legal, structural, or functional aspects.
Special Interest Effect
The phenomenon where policy decisions are disproportionately influenced by small, organized groups at the expense of the larger public's interest.
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