Examlex
________ is the term order theorists use to refer to the unintended consequence of a societal function; for instance, the fact that the punishment of crime is the societal reaffirmation of what is to be considered moral.
Private Interests
Interests or goals that are pursued by individuals or entities for their personal or organizational benefit, rather than for the public good.
Social Interests
The collective welfare or well-being of a community or society as a whole.
Pure Competition
Another term for perfect competition, where a market structure features many buyers and sellers, no barriers to entry, and homogeneous products.
Producer Surplus
The difference between the amount producers are willing to sell a good for and the actual price they receive, representing the producers' benefit.
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