Examlex
________ is value added by making additional effort.
Transactions Costs
Expenses incurred when buying or selling goods or services, including search, bargaining, and enforcement costs.
Legal System
The framework of rules, laws, and regulations established by a government or society to maintain order and protect persons and property.
Ownership Rights
Legal rights that confer the possession, use, and transferability of a property or asset to its owner.
Market Participants
Entities or individuals that engage in the buying, selling, or exchange of goods and services in a particular market.
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