Examlex
According to the fundamental lexical hypothesis
Freely Functioning Market
A market where goods and services are traded without any restrictions or interventions from governments.
Government Intervention
Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and taxes.
Efficient
The optimal allocation of resources in a manner that maximizes output or outcomes without wasting any resources.
Social Goods
Goods that benefit all members of society and are often provided by the government, such as public parks and national defense.
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