Examlex
Right-wing totalitarianism refers to the monopolization of power in the hands of a communist party.
Wartime Shortages
Periods during war when there is a lack of availability of essential goods and resources due to increased demand and disrupted supply chains.
Opportunity Cost
The benefit missed out on when choosing one alternative over another, emphasizing the impact of choice on resource allocation.
Limited Resources
The finite availability of inputs such as labor, materials, and capital, which restricts production capabilities and economic growth.
Unlimited Wants
The concept in economics that human desires for goods and services exceed the available resources, leading to perpetual states of decision making and prioritization.
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