Even if a majority of the population wants a law and the law is passed, the outcome may still be economically inefficient.

Majority

Majority refers to more than half of a particular group or quantity, often used to describe the greater part of a population or collection.

Population

Refers to the total number of people living in a particular area or country at a specific time.

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.