Examlex
Leaders need to know how to:
Logrolling
The act of trading support, particularly within the political arena, through mutual agreement to vote for each other's proposed bills.
Paradox Of Voting
The situation where individual rational choice leads to a situation where collective rational outcomes are not achieved, often resulting in the non-optimal allocation of resources.
Government Failure
Occurs when government intervention in the economy leads to an inefficient allocation of resources or fails to achieve the intended outcomes.
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