Examlex
In order to ensure that the poor countries experience higher levels of economic growth,private property rights and title to property have to be created.
Satisficing
A decision-making strategy that aims for an acceptable or satisfactory solution, rather than the optimal one.
Overconfidence
A cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.
Return on Investment
A financial metric used to evaluate the efficiency or profitability of an investment, calculated as the net gain from an investment relative to its cost.
Nonprogrammed Decision
A decision made in response to an unusual, unpredictable, and unique problem or opportunity, often requiring creative solutions.
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