Examlex
Foreign service premiums compensate expatriates for exceptionally hard living and working conditions at certain foreign locations.
Public Good
A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Private Good
A product or service that is consumed by an individual and cannot be used simultaneously by another individual.
Marginal Rate of Substitution
The rate at which a consumer can substitute one good for another while maintaining the same level of utility or satisfaction.
Hunting Lodge
A place of accommodation often located in remote areas for people engaging in hunting or seeking rustic outdoor experiences.
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