Examlex
Syntax refers to the rules that dictate the order of words in a language.
Utility Maximization
An economic principle that suggests individuals seek to achieve the highest level of satisfaction or utility from their actions and decisions.
Needs and Wants
The basic requirements for survival, such as food and shelter, compared to desires or wishes that do not necessarily contribute to one’s survival.
World Trade Organization
An international organization that regulates and facilitates international trade between nations.
Legally Binding
Refers to agreements or promises that are enforceable by law.
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