Examlex
A delegation is a present transfer of a contractual right.
Distorted
Refers to a situation where economic actions or outcomes are twisted or skewed due to various factors, such as government intervention or market anomalies.
Rationing
The controlled distribution of scarce resources, goods, or services, often implemented during shortages to ensure equitable distribution among all individuals.
Government Issued
Refers to products or securities that are provided or sanctioned by a government body, such as bonds or legal tender.
Price System
An economic mechanism where prices determined by supply and demand allocate resources efficiently in a market economy.
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