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If glass expanded more than mercury, then the column of mercury in a thermometer would rise when the temperature
Public Sector
The part of the economy that is controlled by the government and provides services to the public.
Deregulation
The process of reducing or eliminating government regulations and restrictions in an industry to encourage increased competition and efficiency.
Regulatory Capture
A situation where regulatory agencies are dominated by the interests of the industries they are charged with regulating, often leading to biased and ineffective regulation.
Negative Externalities
Costs that are not reflected in the market price, caused by the production or consumption of goods and services, and borne by society rather than the producers or consumers.
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