Examlex
________ requires believing that the behavior dictated by the norm is truly the right way to behave.
Circular Flow Model
An economic model depicting how money moves through an economy between producers and consumers, illustrating the interconnectedness of different sectors.
Capital Goods
Long-term assets used by businesses to produce goods and services, such as buildings, machinery, and equipment.
Pierre-Joseph Proudhon
A French socialist philosopher and politician, best known for his declaration that "property is theft" in the context of his critique of the social injustices of his time.
External Benefits
Benefits of a product or service that are enjoyed by people who are not directly involved in the purchase or production of it.
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