Examlex
The monetary policy of the Federal Reserve System (The Fed)has very little to do with the changes in interest rates a consumer will experience.
Flexibility
The ability to adapt quickly and effectively to changing conditions and circumstances.
Market Failure
A circumstance in which a free market's distribution of goods and services is inefficient, frequently warranting intervention by the government.
Contract Failure
A situation where the market fails to provide an efficient outcome, leading to a gap that nonprofits often aim to fill.
Open System
An organizational or systemic concept where continuous interaction with the environment is necessary for sustainability and growth.
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