Examlex
Lawrence Kohlberg claims that individuals develop the capacity for moral reasoning in stages as they grow older.
Large-Scale Production
The manufacturing of large quantities of a product quickly and efficiently, benefiting from economies of scale.
Overallocate Resources
The situation in which too many resources are dedicated to a specific task or sector, potentially leading to inefficiency and waste.
Price Discrimination
The practice of charging different prices to different consumers for the same product or service, based on willingness to pay.
Antitrust Regulations
Laws designed to prevent anti-competitive practices and promote fair competition among businesses.
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