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What were the views of James Madison on groups within the political system? Discuss at least three key elements of pluralist theories.Explain how they influence the political system.
Private Cost
The cost incurred by an individual or company in producing goods or services, excluding externalities.
Private Value
The value of a good or service to an individual buyer or seller which is independent of the market price or the value others might derive from it.
Externalities
Results of business activities on external entities not considered in the product or service's price.
Cars And Trucks
General categories of motor vehicles primarily used for transportation of people (cars) and goods (trucks).
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