Examlex
_____ means that a portion of an employee's pay is directly linked to an individual or organizational performance measure.
Private Good
A good, or service that is individually consumed and that can be profitably provided by privately owned firms because they can exclude nonpayers from receiving the benefits.
Quantity Demanded
The quantity of a product or service that buyers are prepared and financially able to buy at a certain price.
Efficiency Loss
The loss of economic efficiency that can occur when equilibrium for a good or service is not achieved, leading to potential welfare or opportunity costs.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.
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