Examlex
The most important priority that an investor in common stock enjoys is receiving cash dividends before preferred stockholders are paid any cash dividends.
Private Goods
Products and services that are excludable and rivalrous, meaning only paying customers can consume them, and one person's consumption prevents another's.
Government Failures
occur when government action results in outcomes that fail to achieve desired welfare improvements or when the intervention leads to an inefficient allocation of resources.
Economic Efficiency
A situation in which all resources are allocated optimally to serve each individual or entity in the best way while minimizing waste and inefficiency.
Public Sector
Part of the economy composed of both public services and public enterprises, owned and operated by the government.
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