Examlex
The four ground-breaking strategy evaluative studies demonstrated that
Potentially Efficient
Describes a situation where resources could be allocated in a way that maximizes productivity or utility, but are not currently.
Worse Off
A situation in which an individual, group, or economy is in a poorer or less advantageous position compared to a previous state or another entity.
Equitable
Characterized by fairness and impartiality; ensuring just treatment or distribution of resources without favoritism or discrimination.
Externalities
Economic side effects or by-products that affect an uninvolved third party; can be either positive or negative.
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