Examlex
The most common approaches to capability building include all of the following, EXCEPT
Price Floors
Legally established minimum prices for goods or services, aimed at preventing prices from falling too low, often used in agriculture.
Market Failure
A situation where the allocation of goods and services by a free market is not efficient, often leading to negative externalities or a lack of public goods.
Competitive Market
A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which each seller offers an identical product.
Deadweight Loss
A loss in economic efficiency that occurs when equilibrium for a good or service is not achieved or is not achievable.
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