Examlex
The elite model presupposes a small group of leaders who are defined primarily by their inherited wealth.
Opportunity Cost
The foregone benefit that would have been derived from an option not chosen.
Unlimited Resources
A hypothetical scenario in which there is an infinite supply of resources, making scarcity and allocation concerns non-existent.
Favorite Tv Show
The television program a person enjoys the most or has a strong preference for over others.
Opportunity Cost
Forgoing the possibility of benefits from other options by selecting one specific choice.
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