Examlex
What are the three types of benefits provided by Social Security?
Equilibrium
The condition in a market where the quantity demanded equals the quantity supplied, leading to no inherent force for price change.
Property Rights
Legal rights to possess, use, and dispose of assets, including real estate, intellectual property, or physical goods, crucial for the functioning of markets and economies.
Government Regulation
Rules and guidelines established by the government aimed at influencing or controlling certain activities within the society or economy.
Total Surplus
The total net gain to society from a market transaction, which is the combination of consumer surplus and producer surplus.
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