Examlex
What do sociologists call settings in which people are isolated from the larger society and are under the strict control and constant supervision of a specialized staff?
Distribution Of Rights
The allocation of legal entitlements and responsibilities among individuals, organizations, or governments.
Efficient Outcome
An economic situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
Government Intervention
Actions taken by a government to affect the economy, which can include regulation, subsidies, tariffs, and other mechanisms.
Externalities
Economic side effects or consequences of an industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.
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