Examlex
When intraparty disputes split members into different groups, these groups are referred to as
Marginal Cost
The money required to produce another unit of a product or service.
Public Good
A benefit of goods or services, free of charge to everyone in society, provided by public authorities or private organizations or individuals, without seeking financial gain.
Samuelson's Theory
Refers to Paul Samuelson's economic theories, particularly his contributions to public goods, welfare economics, and consumption theory.
Public Expenditure
Government spending on goods and services, including infrastructure projects, healthcare, and education, intended for the public's benefit.
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