Examlex
Sweatshirts and tee-shirts are complements in consumption and the price of a sweatshirt increases. As a result, the demand for
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.
Bat House
A man-made structure designed to provide roosting sites for bats, facilitating natural pest control and biodiversity.
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