Examlex
Can a financial instrument be bought and sold in both a primary and secondary financial market? Explain.
Self-interest
Acting in a way that is most beneficial for oneself.
Private Property
The right of private persons and firms to obtain, own, control, employ, dispose of, and bequeath land, capital, and other property.
Economically Most Efficient
The state where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.
Labor and Capital
The primary factors of production, where labor refers to human work effort and capital to tools, equipment, and buildings used in production.
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