Examlex
Which of the following are sub-categories of joint products?
External Benefit
A benefit from a good or service that is received by someone not directly involved in the transaction or production of that good or service, also known as a positive externality.
Pollution
The introduction of contaminants into the natural environment that cause adverse changes and harm to the ecosystem.
Market Failure
A situation where the allocation of goods and services is not efficient, often leading to a net social welfare loss.
Business Sector
A segment of the economy that represents the activities of businesses, corporations, and private enterprises that provide goods and services to consumers.
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