Examlex
A medical term that means inflammation of a valve is ________.
Positive Externalities
These are benefits that a transaction or activity provides to those not involved in the transaction or activity.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction that they were not directly involved in.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, typically resulting from increased production where the cost per unit of output drops as scale increases.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are available to all and one person's use does not diminish another's.
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