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Economic Analysis
The study of how people use resources to produce goods and services for consumption and how those goods and services are distributed and consumed.
Government Policy
The plan of action or regulatory measures formulated and implemented by a governmental entity aimed at achieving specific goals or addressing certain issues within the society.
Median-Voter Model
A theory stating that the outcome of a majority-rule election is likely to reflect the preferences of the median voter.
Dollar Voting
A concept where consumers express their preferences and influence market outcomes through their spending decisions, essentially "voting" with their dollars.
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