Examlex
When purchasing with a credit card, it's important to remember that ________ if you do not pay the balance in full within a stated time period.
Economic Inefficiency
A situation where resources are not allocated in the most economically effective manner, leading to potential losses in productivity or welfare.
Public Sector
The part of the economy that is controlled by the government and funded by taxpayers.
Representative Democracy
A form of democracy in which citizens elect officials to represent their interests and make governmental decisions.
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