Examlex
A founder effect occurs when
Incentives
Factors, either monetary or non-monetary, that motivate individuals or businesses to act in a certain way.
Scarce
A characteristic of resources that are limited in availability, which can lead to competition for their use.
Freely Available
Resources, information, or products that can be accessed or obtained without any payment or restrictions.
Economic Choice
Economic choice involves making decisions on the allocation of scarce resources among competing needs or desires to maximize benefits and utility.
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