Examlex
The procedure for ____ is the same as those for indexes.
Free Market
An economic system where prices are determined by unrestricted competition between privately owned businesses, without excessive government control or intervention.
Externality
A consequence of an economic activity experienced by unrelated third parties; it can be either positive (beneficial) or negative (harmful).
Education's Benefit
Refers to the positive impacts of education on an individual's abilities, earning potential, and societal contributions.
Externality
A cost or benefit arising from an economic activity that affects third parties who did not choose to incur that cost or benefit.
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