Examlex
When team members fear that individuals are obtaining benefits of the group without contributing, a phenomenon may occur in which those team members withhold effort in the belief that those individuals who don't contribute are planning to withhold effort as well. This is known as
Globalization
The integration of national economies into a worldwide economy.
American Consumer
An individual in the United States who purchases goods and services for personal use.
Frederic Bastiat
A 19th-century French economist and writer known for his advocacy of free trade and his witty criticisms of protectionism and socialism.
Adam Smith
A Scottish economist, philosopher, and author, often considered the father of modern economics known for his theories on free markets and the 'invisible hand' guiding economies.
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