Examlex
What is meant by "red tape" in the bureaucracy?
Limited Economic Resource
A scarcity or limitation of resources that possess utility or value, which restricts their availability for use in production, consumption, or investment.
Mutually Exclusive
Situations or events that cannot occur at the same time, often used in decision-making scenarios where the choice of one option precludes the selection of another.
Independent
Characterized by freedom from outside control or influence; self-governing.
Marginally Profitable
Referring to a business or product that generates minimal profits, just above the break-even point but not significant in scale.
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