Examlex
Using two or three sentences, answer the following questions as concisely as possible.
-How might water become contaminated?
Resource Allocation
The process of distributing available resources among various competing needs and wants.
Laissez-Faire
An economic philosophy of free-market capitalism that opposes government intervention.
Circular Flow
A model in economics that illustrates how money moves through an economy between producers and consumers, highlighting the interdependencies of different economic sectors.
Public Ownership
Ownership of assets by the government or public entities, as opposed to private individuals or companies.
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