Examlex
Explain how market economies are generally better able to achieve technological progress than are centrally planned economies.
Selective Benefits
Advantages or perks provided by an organization or a policy that are available only to its members or a specific group of people.
Free-Rider Problem
A situation in which individuals receive benefits from a public good without contributing to its cost, leading to underprovision of those goods.
Selective Benefits
Selective benefits are advantages or perks provided exclusively to members of a group, organization, or society, rather than to the general public.
Collective Goods
Benefits or goods that are shared and cannot be denied to anyone within a community or society, such as clean air or public safety.
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