Examlex
What is the primary goal of counter-cyclical fiscal policy? What are three criticisms of it?
Natural Monopoly
A market structure where a single firm can produce at a lower cost than can two or more firms, justifying limited competition.
Unintended
Refers to effects or outcomes that were not anticipated or planned for.
Deregulation
The reduction or elimination of government power in a particular industry, usually with the goal of increasing competition and efficiency.
Regulated Industries
Sectors of the economy that are subject to governmental controls and regulations, often to protect public interest.
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