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Discuss the Dark Side of Representative Democracy in Terms of Principal-Agent

question 53

Essay

Discuss the dark side of representative democracy in terms of principal-agent problems and transaction costs.


Definitions:

Dorothea Dix

An American advocate for the mentally ill who significantly changed the perceptions of psychiatric care in the 19th century.

Psychological Disorders

Mental disorders that significantly affect one's thinking, emotional state, and behavior, disrupting daily functioning.

Humane Treatments

Actions or practices that show compassion and respect towards others, including animals, often in contexts that could permit harshness.

Childhood Feelings

Emotions or affective responses experienced during one's childhood years.

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