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What is one means of reducing the amount of water that is wasted by irrigation?
Neoclassical Economics
A framework within economics that focuses on the determination of goods, outputs, and income distributions in markets through supply and demand.
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.
Fairness
The impartial and just treatment without favoritism or discrimination; in economics, often related to equitable distribution of resources and opportunities.
Behavioral Economics
A field of study that analyzes the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
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