Examlex
Discuss the concept of constrained optimization.Include some examples.
Free-Rider Problem
A situation in which individuals benefit from resources, goods, or services without paying for the cost of the benefit, leading to underprovision of those goods or services.
Local Government
A form of public administration which, in a majority of contexts, exists as the lowest tier of administration within a given state.
Funds
Resources in the form of money available for transactions or investments.
Free Bus Rides
A policy or situation where public transportation buses are provided to passengers without any charge.
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