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The three important principles of effective time management are
Externalities
Economic side effects or by-products that affect uninvolved third parties; can be negative (like pollution) or positive (like education benefits), and are not reflected in market prices.
Property Rights
Legal rights to own, use, and dispose of assets or resources, playing a critical role in determining the allocation and use of resources in an economy.
Enforced
Imposed by authority or law, ensuring compliance or obedience through the application of rules or regulations.
Radioactive Waste
Waste material containing radioactive substances which can remain hazardous to human health and the environment for thousands of years.
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