Examlex
Americans who had voted for Hoover in 1928
Bureaucratic Inefficiency
The delay and ineffectiveness often experienced within organizations, especially large ones, due to complex procedures and red tape.
Positive Externalities
Benefits that are enjoyed by a third-party or the society at large as a result of an economic activity.
Logrolling
The practice of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.
Paradox Of Voting
A situation where individual rationality in voting may lead to outcomes that are not collectively optimal, such as the failure to elect the most preferred candidate due to vote splitting.
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