Examlex
A sole proprietorship is a business owned by one or more persons.
Court Order
An official proclamation issued by a judge that requires a person or entity to do or cease doing a specific action.
Property Rights
Legal rights to possess, use, and dispose of assets including tangible and intangible property.
Negative Externality
A cost that affects a third party who did not choose to incur that cost, often associated with pollution or public health issues.
Ronald Coase
A British economist known for his work on transaction costs, property rights, and the theory of the firm.
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