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How does competition ensure that the efficient product mix is attained?
Historical Wave
Refers to a significant period of change or development within history, often characterized by distinct social, political, or technological advancements.
Democracy
A governing structure where the populace holds power, either ruling directly or via representatives chosen through free elections.
Constitutional Protection
A safeguard within a country's constitution that ensures the rights and liberties of its citizens are protected against infringement.
Electoral Democracy
A system of government where leaders are elected through regular, free, and fair elections to represent the interests of the populace.
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