Examlex
Biological membranes are composed primarily of
Pareto Efficient
A scenario in which it is impossible to improve the status of any individual or preference without adversely affecting at least one other individual or preference.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction in which they were not involved, such as pollution.
Positive Externalities
Benefits that affect parties who did not choose to incur that benefit.
Pareto Optimal
A state of distributing resources that precludes the possibility of augmenting the status of any participant or preference without detriment to another.
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