Examlex
The establishment clause requires a complete separation of church and state.
Safety Hazard
A condition in the workplace or environment that has the potential to cause harm or injury to people.
Market Equilibrium
A condition where the quantity of a good or service supplied equals the quantity demanded, leading to no upward or downward pressure on price.
Inefficient
A situation where resources are not used in the most effective way, leading to potential waste or lost opportunities.
Externalities
Costs or benefits of a market activity borne by a third party; externalities can be either positive or negative.
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