Examlex
The three most widely recognized types of consumer problem solving are:
Median-Voter Model
A theoretical model in political science suggesting that the outcome of a majority-vote election is most likely to represent the preferences of the median voter.
Political Office Seeker
An individual who campaigns for or aspires to hold a position in government.
Extensive Government Spending
A fiscal policy where the government spends significant resources on public services, programs, and projects to stimulate economic growth or achieve social objectives.
Externality Problems
Issues arising from the impact of one person's actions on the well-being of a bystander, which are not reflected in market prices.
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