Examlex
Being shy around some people but outgoing around others is evidence of situationism.
Scarce Resources
Resources that are limited in availability and are used to produce goods and services, leading to the necessity of making choices about their allocation.
Efficiency
The effectiveness with which resources are used to produce goods and services, achieving the highest output with the lowest input.
Efficiency
The degree to which resources are used optimally to achieve a desired outcome, minimizing waste and maximizing output.
Equality
The situation where individuals have the same rights, opportunities, and status.
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