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Related to the Economics in Practice on p. 390: When the government of Bangladesh built flood embankments on the sides of rivers, this represented an investment in
Markets
Places or systems in which goods, services, and assets are exchanged, usually with prices determined by supply and demand.
Efficiently
Conducting an activity in such a manner that it achieves the maximum output with the minimum input or resources, without waste.
Rival
An entity competing against another for the same objective or for superiority in the same field of activity.
Excludable
A feature of a product or service enabling its owner to exclude others from usage unless payment is received.
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