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Supply-side
An economic theory that proposes reducing barriers on the production of goods and services, such as lowering taxes and decreasing regulation, will stimulate economic growth.
Market Failure
A situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.
Isomorphism
A concept in sociology that refers to the process by which organizations in the same sector or context become increasingly similar to each other in structure and function.
Hybrid System
A combination of different technologies, methodologies, or systems that integrate to function together, often bringing together the best features of each.
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