Examlex
Which of the following decision-making models is most correct for a well-structured problem?
Prevention Principle
A proactive approach to environmental management aiming to prevent environmental degradation before it occurs.
Economic Tools
Analytical instruments or methodologies used by economists to model, predict, or analyze the performance and dynamics of economies.
Full-Cost Pricing
An economic concept that involves assigning prices to goods and services that fully reflect their true costs, including environmental and social impacts.
Government by the People
A form of democracy where the government is elected by the citizens, ensuring that the authority and sovereignty rest with the population.
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