Examlex
The Equal Protection Clause is implicitly applied to federal government actionsthrough the Fifteenth Amendment.
Endowed
Provided with a quality, ability, or asset; in economics, it often refers to the resources or goods that an individual or institution possesses.
Pareto Optimal Allocation
An economic allocation where it is impossible to make any one individual better off without making at least one individual worse off.
Utility Function
A mathematical representation that assigns a level of utility or satisfaction to various combinations of goods and services consumed by an individual or society.
Consumers
Individuals or entities that use or consume goods and services produced within an economy.
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