Examlex
Consistent with the emerging,new liberalism,John Stuart Mill believed the state should be able to do all the following EXCEPT
Individuals
Single human beings, as opposed to groups or organizations, considered as single entities.
Marginal Benefits
The additional benefits received from the consumption of one more unit of a good or service.
Defense Goods
Products and services that are designed and produced for national security and military purposes.
Marginal Cost
The additional cost incurred by producing one more unit of a good or service, a crucial concept for decision-making in economics.
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