Examlex
A sunk cost is the benefit foregone when one alternative is selected over another.
Redistribution
The reallocation of income, wealth, or resources among individuals or groups in a society.
Economic Discrimination
Unfair treatment of individuals based on economic factors, such as income, wealth, or consumption patterns.
Diagram
A diagram is a simplified drawing showing the appearance, structure, or workings of something; used extensively to explain economic theories and models.
Crowding Model
A theory suggesting that public sector spending reduces the amount of resources available for the private sector.
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