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With regard to the ability to see colors, newborns
Private Parties
Individuals or entities that operate privately, not part of or affiliated with government organisations.
Government Involvement
The participation or intervention by government entities in various sectors of the economy or specific activities.
Coase Theorem
A principle that suggests that if property rights are clearly defined and transaction costs are low, externalities can be efficiently resolved through private bargaining, regardless of who holds the rights.
Basic Rights
Fundamental entitlements and freedoms that are guaranteed to individuals, often protected by law or international treaties.
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