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What is the relationship between market failure and government failure?
Policy Change
Modifications or alterations made to existing rules, laws, or regulations.
Low-Income Families
Households earning significantly below the median income of a geographical area, often facing financial stress.
Equitable
Fair or impartial treatment, especially in the context of the distribution of wealth or opportunities.
Voluntary Exchange
A transaction where two parties trade goods or services by mutual agreement and benefit.
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