Examlex
Aristotle writes, "What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others." In this statement, Aristotle is referring to the free-rider problem that occurs when a person receives the benefit of a good without paying for it.
Economic Crisis
A situation in which a country's economy experiences a sudden downturn brought on by a financial panic or an external shock, leading to a severe drop in consumer wealth and confidence and financial instability.
Cold War
The period of political and military tension after World War II between powers in the Western Bloc (led by the United States) and powers in the Eastern Bloc (led by the Soviet Union) that never escalated into direct major warfare.
Institutional Care
The provision of care in a structured setting, such as hospitals, nursing homes, or orphanages, usually for individuals who require constant supervision or assistance.
Social Psychology
A branch of psychology that studies how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.
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