Examlex
How can an exempt organization otherwise classified as a private foundation become a public charity?
Freedom to Enter
The condition in a market where new firms can enter the industry without facing prohibitive barriers or regulations.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision or choosing between options.
Diminishing Marginal Utility
The principle that as a consumer consumes more of a good or service, the additional satisfaction gained from each additional unit decreases.
Command Systems
Economic systems where the government or a central authority makes all decisions about what goods and services are produced, how they are produced, and who gets them.
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