Examlex
Retailers using a(n) ________ strategy frequently discount the initial prices for merchandise for a limited amount of time through frequent sales promotions.
Public Good
A good or service offered to every member of a society for free, provided by either the government or a private entity or group, without seeking profit.
National Defense
Governmental and military measures designed to protect a country from external aggression and threats.
Free-Rider Problem
A situation where some individuals consume more than their fair share of a public resource, or shoulder less of the cost of its production, benefiting from it without paying for it.
Social Benefits
The total gains that accrue to society from an economic transaction or policy, encompassing both direct and indirect effects.
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