Examlex
What is meant by allocative efficiency? How does a perfectly competitive firm achieve allocative efficiency?
Minority
A group of people differentiated from the social majority, often based on ethnicity, race, sexuality, or other characteristics, and may be subject to differential treatment.
Titular Ethnic Group
Denotes the ethnic group after which a certain territory, country, or region is named, often holding a symbolic or historical significance in that area.
Soviet Union
A socialist state in Eurasia that existed from 1922 to 1991, consisting of multiple republics, and was the largest country in the world.
Minority Ethnic
An ethnic group that constitutes a smaller percentage of the total population and is often differentiated by language, culture, or race.
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