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A Theory

question 51

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A theory


Definitions:

Legal Services

Professional services provided by lawyers or legal practitioners to handle legal matters from advisory, litigation, to documentation.

External Cost

Costs that are not borne by the producer or consumer, but by a third party or the environment, such as pollution.

Air Conditioning

A system for controlling the humidity, ventilation, and temperature in a building or vehicle to provide a comfortable indoor environment.

Public Good

A public good refers to a product or service offered to every member of a society for free, regardless of profit, by either governmental entities or private individuals or groups.

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