Examlex
We give meaning to the raw information entering our sensory registers during the process of ________.
No Externality
A situation where private costs or benefits are equal to social costs or benefits, with no spillover effects on third parties.
Market
An arrangement or venue where parties engage in exchange of goods and services.
Positive Externality
A benefit that is enjoyed by a third-party as a result of an economic transaction or activity in which they did not directly participate.
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good or service.
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