Examlex
The tip of the white arrow is pointing to which of the following?
Special Interest Effect
The phenomenon where policy decisions are disproportionately influenced by small, organized groups at the expense of the larger public's interest.
Government Failure
Situations where government intervention in the economy creates inefficiency, leading to a misallocation of resources.
Externalities
The side effects or consequences of commercial activities that affect other parties without being reflected in cost.
Special Interest Projects
Initiatives or programs that cater to the specific needs or agendas of particular groups rather than the general public.
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