Examlex
What accounts for the additional few minutes of sunlight we experience daily,before sunrise and after sunset?
National Defense
The governmental and military activities aimed at defending a country's territorial integrity and protecting its citizens from external threats.
Misallocated
A situation where resources are used inefficiently, resulting in lost potential output or wasteful expenditures.
Market Failure
A situation in which the allocation of goods and services by a free market is not efficient, often leading to a social welfare loss.
Public Good
An offering of goods or services to society's members at no cost, made available by public institutions or private bodies or individuals, not aiming to generate profits.
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