Examlex
Define and explain a natural monopoly. Give an example, and explain how these firms come into existence.
Poverty
A condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information.
Low Incomes
Earnings that are below average or sufficient levels, potentially leading to poverty.
Youthful Inexperienced Workers
Young individuals entering the labor market with limited or no professional experience.
Single-Parent Families
Households headed by a single individual who is responsible for raising children.
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