Examlex
Liberals assert that the best form of government is
Broadly Defined
Describes something that is regarded or classified in a very general and inclusive manner.
Substitutes
Goods or services that serve as alternatives to each other, where a rise in the price of one results in a higher demand for the other.
Market
A place or scenario where buyers and sellers interact to trade goods, services, or information, often regulated by supply and demand.
Imperfect Competition
A market structure where the conditions necessary for perfect competition are not satisfied, characterized by factors like different products and barriers to entry.
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