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Alex,who is in the honours program,failed to do his share of the work on a group project with his four classmates.Alex was most likely engaging in social:
Economy
A system involving the production, distribution, and consumption of goods and services within a society or geographical area.
Government Intervention
Involvement by the government in the market to influence the allocation of resources and distribution of goods.
Efficient Results
Outcomes in which resources are allocated in a way that maximizes the net benefits to society.
Equitable Outcome
An equitable outcome is a fair and impartial distribution of resources or opportunities among all members of a community or society, taking into account the needs and contributions of each individual.
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