Examlex
What is the term Piaget used to refer to the ability to recognize that matter can be rearranged or changed in appearance but remains the same in quantity if nothing has been added or taken away?
Entitlement
A right or benefit that is granted by law, social policy, or other formal means.
Private Goods
Goods that are excludable and rivalrous in consumption, meaning their use by one individual prevents use by another.
Normal Goods
Goods for which demand increases as the income of the buyer increases and decreases as the income of the buyer decreases, showing a positive correlation between income changes and demand.
Overallocation
The process of assigning more resources to a project or sector than is available or sustainable, leading to inefficiencies.
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