Examlex
Consider the following organizational scheme.Which of the following terms could be added to the scheme without requiring any further concept to be added?
External Benefits
Positive effects of a production or consumption activity on third parties not directly involved in the transaction.
Property Rights
Legal rights that delineate the ownership and use of property, including rights to use, sell, rent, mortgage, transfer, and destroy the property.
Marginal Costs
The additional cost incurred by producing one more unit of a product or service, crucial for decision-making in economics and business.
Property Rights
The legal rights to possess, use, and dispose of assets, property rights are foundational to free market economies and influence resource allocation and investment.
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