Examlex
Tia received a time-out every time she yelled in the house. Now she doesn't like loud sounds in the house. Her attitude was shaped by ______.
Property Rights
Legal rights to possess, use, and dispose of assets including real estate, intellectual property, and tangible goods.
Economic Efficiency
A measure of how well scarce resources are utilized for producing goods and maximising the satisfaction or utility of consumers.
Market Equilibrium
A condition where the supply and demand in the market equilibrate, leading to stable prices.
Economic Efficiency
The optimal allocation of resources to maximize the production of goods and services, achieved when no further gains can be made without disadvantages.
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