Examlex
For Rousseau, what was the source of inequality and the chief cause of crimes?
Unclear Job
Refers to a position or role within an organization that lacks clear definition, objectives, or responsibilities, leading to confusion and inefficiency.
Excess Capacity
A situation in which a firm is producing at a lower level of output than it has the potential to produce due to lack of demand.
Welfare-Maximizing
An economic or policy goal aimed at achieving the highest possible level of welfare for the population, taking into account factors such as distribution of wealth, health, and overall quality of life.
Competitively
Refers to a market condition where businesses or individuals vie against each other to gain economic advantage or win consumers' favor.
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