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The Principle That Under Some Circumstances Majority Voting Fails to Make

question 149

Multiple Choice

The principle that under some circumstances majority voting fails to make consistent choices reflecting the community's underlying preference is best demonstrated by the


Definitions:

Entrepreneurs

Visionary individuals who create, manage, and assume the risks of a new business venture, bringing new products or services to the market.

Production Innovations

Refers to new or improved methods of producing goods and services, which can increase efficiency and reduce costs.

New Products

Goods or services that have been recently introduced to the market, offering new features or benefits not previously available.

Entrepreneurial Function

The activities and responsibilities undertaken by entrepreneurs, including innovation, risk taking, and managing and planning for businesses.

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