Examlex
Between 1800 and 1880,London's population
Equality
The state of being equal, especially in status, rights, opportunities, or distribution of wealth.
Efficiency
In economic terms, this refers to the optimal production and allocation of resources to maximize output with the least waste.
Scarce Resources
Limited resources which are not enough to satisfy the unlimited wants of people.
Opportunity Cost
The price of discounting the second most appealing alternative when engaging in decision-making.
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