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The secondary rainbow is dimmer than the primary rainbow because
Political Corruption
The misuse of public power or position for personal gain, undermining the integrity and fairness of political processes.
Public Choice Theory
The economic analysis of government decision making, politics, and elections.
Government Failure
A situation where government intervention in the economy creates inefficiencies and leads to a misallocation of resources.
Unfunded Liability
Obligations or debts for which sufficient funds have not been set aside, particularly relevant in the context of pensions and benefits.
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