Examlex
As part of a healthy diet to control weight, you should:
Efficient Outcome
A state in which resources are allocated in a way that maximizes total surplus; there are no missed opportunities in production or consumption.
Tragedy of the Commons
A situation in which individuals, acting according to their own self-interest, deplete shared resources, resulting in long-term social losses.
Litter
Discarded waste material improperly left in an environment outside designated trash disposal facilities.
Externality Analysis
The examination of costs or benefits that affect parties who are not directly involved in a transaction or activity, used to understand the implications of external effects on society.
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