Examlex
Who was the inventor of statistical technique called factor analysis, a method that compares results of different correlational measures to identify patterns, or "factors," among them?
External Costs
Costs of an economic activity that are not borne by the participants but rather by other people or society at large.
Tax
A compulsory financial charge imposed by a government on individuals or entities to fund various public expenditures.
Marginal Social Benefit
An additional gain to society derived from consuming or producing another unit of a good or service.
Marginal Social Cost
An increased charge to the general public for the creation of one more unit of a product or service.
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