_______ Describes How Countries Exercise Authority and How Efficiently They

question 5

Short Answer

_______ describes how countries exercise authority and how efficiently they deliver basic infrastructure services like water,sanitation,roads,electricity,security,and the like for public as well as private firms.

---

Definitions:

Resale of Goods

The act of selling previously purchased products, often used, to another party.

Price-Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.

Price-Elastic

A characteristic of a good or service that indicates the demand for it changes significantly when its price changes.

Demand Pay

Compensation determined by the desirability or demand for specific job skills in the labor market.