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Secondary Effects
The indirect impacts that follow the primary effects of a decision or action in economics, often unforeseen or unintended.
Mediocre Economists
Economists who may possess average skills or lack the influence of leading thinkers in their field.
Observable
A characteristic or phenomenon that can be seen, measured, or otherwise detected through empirical methods.
Self-interest
The pursuit of individual advantage or profit, often regarded as a basic economic driving force.
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