Examlex
Frustration is often a side effect of _____.
Majority Voting
A decision-making process where the option that receives the most votes from participants wins, often used in elections and organizational decisions.
Negative Externalities
Costs incurred by third parties not directly involved in an economic activity, for example, pollution affecting non-participating individuals.
Economically Inefficient Outcomes
Situations where resources are not allocated optimally, resulting in lost potential utility or value.
Economists
Professionals who study the production, distribution, and consumption of goods and services.
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