Examlex
________ refers to the process that causes people to behave as they do.
Mohair Subsidies
Financial incentives provided by governments to support and encourage the production of mohair, a silk-like fabric or yarn made from the hair of the Angora goat.
Deregulation
The act of eliminating governmental controls and rules in a sector to promote increased competition and efficiency.
Regulation
Rules or directives made and maintained by an authority to control or manage activities, often within industry sectors, for public good.
Allocative Efficiency
A state of the economy where the distribution of resources among different uses is optimal, with no one able to be made better off without making someone else worse off.
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