Examlex
MATCHING
Match the person or term with the with the correct description.
-Adam Smith
Benefits
The advantages or positive outcomes that come from specific actions, policies, or investments.
Principal-Agent Problem
The conflict that arises when the goals of principals, such as shareholders, differ from those of agents who make decisions on behalf of the principals, like executives.
Democratic Government
A form of government in which power is vested in the hands of the people, who can vote to elect their leaders and influence legislation.
Principal
The original sum of money borrowed in a loan or invested, distinct from interest or profit generated from it.
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