Examlex
Many countries have adopted the ________ model as a basis for the provision of their services.
Externality
A consequence of an industrial or commercial activity that affects other parties without this being reflected in market prices.
Uncompensated Impact
Uncompensated impact refers to effects borne by parties who are not directly involved in a transaction or activity and are not compensated for their losses.
Well-Being
The state of being comfortable, healthy, or happy, often considered in a broad perspective including physical, psychological, and social aspects.
Externalities
Externalities are effects of a transaction that are experienced by someone who is not directly involved in the transaction, either positively (positive externalities) or negatively (negative externalities).
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