Examlex
Which act replaced the spoils system with a merit system of public personnel administration?
Contestable Market Model
A theory suggesting that a market with free entry and exit can be competitive even if there are few firms, due to potential competition.
Greatest Efficiency
Greatest Efficiency is achieved when a system or process produces the maximum output with the least amount of wasted resources.
Dominant Strategy
In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.
Advertise
The action or business of promoting and selling products or services, including market research and advertising.
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