Examlex
Theories are useless ideas which have much less meaning in scientific research than facts and laws.
Median-Voter Model
A theory suggesting that the outcome of majority-rule voting systems will reflect the preferences of the median voter.
Preferences
Individual choices or inclinations towards certain products, services, or outcomes over others.
Location Subsidies
Financial incentives provided by governments to encourage businesses to set up or expand in particular areas, often to stimulate economic growth.
Public Good
A good or service offered to society's members at no cost, sponsored by either a private entity or the government with no intent of making a profit.
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