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Public Good
A commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization.
Public Utility
Companies providing essential services like water, electricity, and telecommunications to the public under government regulation.
Joke
A narrative or statement intended to provoke laughter or amusement.
Market Failure
A situation in which the allocation of goods and services by a market is not efficient, often leading to a net social welfare loss.
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