Examlex
Moral entrepreneurs are interest groups that attempt to control social life and the legal order in such a way as to promote their own moral views.
Transaction Costs
The expenses incurred when buying or selling goods or services, beyond the price of the goods.
Opportunity Cost
The value of the next best alternative forgone as the result of making a decision.
Voluntary Exchange
A transaction where two parties trade goods or services by mutual agreement without coercion.
Transaction Costs
Expenses incurred during the buying or selling process, not limited to the price of the good, like fees, taxes, or other costs associated with the transaction.
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