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A crucial difference between interest groups and political parties is that ...
Command-and-control Regulation
Regulatory approach where the government sets specific standards or limitations on the activities of businesses, often related to environmental or safety measures.
Pollution Permits
Allowances provided by government regulations that permit companies to emit a certain level of pollutants.
Global Warming
The long-term increase in Earth's average surface temperature, primarily due to human activities such as fossil fuel burning.
Invisible Hand
A term coined by economist Adam Smith to describe the self-regulating nature of the marketplace where individuals' pursuit of self-interest leads to societal benefits.
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