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Explain Why Economists Consider It to Be One of the Economic

question 329

Essay

Explain why economists consider it to be one of the economic functions of government to provide a legal system.


Definitions:

Renewable Energy

Energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat.

Hydropower

The generation of electricity by harnessing the energy of flowing or falling water, considered a renewable and sustainable source of power.

Solar Power

The conversion of energy from sunlight into electricity, either directly using photovoltaics (PV), indirectly using concentrated solar power, or a combination.

Geothermal Power

Renewable energy derived from the heat of the Earth's interior, used for heating and generating electricity.

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