Examlex
Consider a small family wheat farm. List some examples of implicit costs of farming.
Public Goods
Items that are non-excludable and non-rivalrous, meaning they can be enjoyed by everyone, regardless of whether they contribute to their provision.
Protective Function
Activities carried out by the government to safeguard the economy and its agents, such as regulation and enforcement.
Government
The organization, or system, by which a community or nation is governed, typically involving institutions and practices of authority.
Person and Property
Identifies legal concepts relating to individuals and their rights concerning possessions or assets.
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