Examlex
Prolonged exposure to noise at 85 dbA can cause permanent hearing loss.
Socially Optimum
A condition in economics where the allocation of resources maximizes the overall utility or welfare of society.
Socially Optimum
The ideal level of production or consumption from the perspective of society as a whole, where social welfare, including both costs and benefits, is maximized.
Public Park
A region designated for the enjoyment and recreation of people or for safeguarding wildlife and natural habitats, consisting of natural, semi-natural, or intentionally planted spaces.
Government Intervention
Actions taken by a government to influence or directly manage an economy or specific industry, often to correct market failures.
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