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Explain How Government Can Integrate External Benefits in a Market

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Explain how government can integrate external benefits in a market.


Definitions:

Childhood

The period in human life from birth to adolescence, characterized by growth, development, and learning in a family, social, and cultural context.

Agents of Socialization

Individuals, groups, and institutions that play a significant role in integrating individuals into society by teaching social norms, values, behaviors, and skills.

Socializes

The process by which individuals learn to adopt the behavior patterns of the community or society they live in, acquiring its culture and norms.

Resocialization

The process by which individuals undergo a transformation in their personality through the deliberate manipulation of their environment, often within total institutions.

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