Examlex
A(n)_______________ scale simply ranks attributes.
Socially Optimum
A state where resources are allocated in the most efficient way from a societal perspective, maximizing social welfare.
Positive Externality
A benefit that affects a party who did not choose to incur that benefit, often discussed in the context of public goods and services.
Pigouvian Subsidy
A payment designed to encourage activities that yield external benefits.
Scenic Beauty
The visual appeal and aesthetic value of a particular landscape or location, often contributing to its desirability for recreation and tourism.
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