Examlex
What was Watson and Crick's contribution to the structure of DNA?
Majority Vote
A decision rule in which the option that receives more than half of the votes is chosen.
Economic Efficiency
A state where resources are allocated in the most effective way possible, maximizing output without wasting any inputs, ensuring that goods and services are produced at the lowest possible cost and distributed to those who value them most.
Deregulation
The process of removing or reducing government controls and restrictions in an industry to allow for more competition and efficiency.
Pork-Barrel Politics
The allocation of government spending for localized projects secured primarily to bring money to a representative's district, often without proper consideration of the benefits or costs.
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