Examlex
Japanese-Americans who were put in internment camps by the U.S. government during World War II eventually received $20,000 in reparations because their human rights were violated. What type of reparations are these?
Private Good
A product or service that is consumed by an individual or a limited group, characterized by its excludability and rivalrous nature.
Common Characteristics
Shared features or qualities among items, individuals, or groups that allow them to be categorized or identified as part of a larger set.
Nonprofit Organizations
Organizations that utilize surplus revenues to achieve their goals rather than distributing them as profit or dividends.
Government Failure
Occurs when government intervention in the economy causes more harm than good, leading to inefficiency, waste, or the misallocation of resources.
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