Examlex
The __________ decision making model assumes rationality and complete information.
Non-rivalrous
A characteristic of a good whereby one person's use does not diminish the utility or availability of that good for others.
Laissez-faire System
A laissez-faire system is an economic principle advocating minimal government intervention in the operations of free markets and the economic decisions of individuals and businesses.
Market
A market is a platform or environment where buyers and sellers come together to facilitate the exchange of goods, services, or information.
Capital Goods
Long-lasting goods acquired by a business to produce goods or services, as opposed to being sold directly to consumers.
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