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Enforce Contracts
The process of legally ensuring that the terms of a contract are carried out as agreed, often involving judicial or regulatory intervention.
External Benefits
Advantages or positive effects generated by an economic activity that benefit individuals or entities not directly involved in the activity.
Market Forces
The natural forces of supply and demand that govern the functioning of the free market, determining prices and production levels.
Rival
Describes a good or resource that cannot be consumed by more than one person or entity at the same time without diminishing its availability to another.
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