Examlex
If a newspaper review calls a commercially successful actor talentless, it is liable for defamation of character.
Output Level
The quantity of goods or services produced by a firm or economy in a given period.
External Benefits
Positive effects of a product or service that are enjoyed by people other than those who directly use or consume the product or service.
Private Benefits
The direct advantages or gains accruing to an individual or organization from their economic actions, excluding wider societal impacts.
Producer Surplus
The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive in the market.
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