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Public Choice Theory
A framework analyzing the decision-making processes within political and public institutions, focusing on the roles of incentives and individual behaviors.
Trade Restrictions
Policies or regulations imposed by governments to limit or control international trade activities, often to protect domestic industries.
Special Interest Groups
Organizations comprising members with shared interests or goals that attempt to influence public policy and decision-making processes.
Public Choice Theory
An economic theory that explores how public decisions are made, emphasizing the self-interest of voters, politicians, and bureaucrats.
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