Examlex
By 1914,three quarters of all state bar associations had adopted the Canons,and in most states complaints about lawyer misconduct were heard by bar association committees followed by a possible appeal to the court.
Socially Optimal
Refers to a situation where goods or services are produced and consumed at a level that maximizes overall social welfare.
Pollution
The contamination of the environment with harmful or poisonous substances, adversely affecting the health of living organisms and ecosystems.
External Costs
Costs of an economic activity that are not borne by the participants but rather by other people or society at large.
Tax
A compulsory financial charge imposed by a government on individuals or entities to fund various public expenditures.
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