Examlex
Match each item with its definition.
Economic Thinking
The process of making decisions based on the efficient allocation of scarce resources.
Personal Benefits
Are advantages or favorable outcomes that accrue directly to an individual as a result of their actions or decisions.
Public Sector
The part of the economy composed of both public services and public enterprises, owned and operated by the government.
Public Choice Analysis
A study that applies economic principles to political science, focusing on the behavior of voters, politicians, and government officials.
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