Examlex
The rule of 70 is used to find how long it will take an economy to grow by 70 percent.
Common Property Rights
Legal rights to resources that are accessible to all members of a society or community, such as air, oceans, or wildlife.
Preservation
The act of maintaining or safeguarding something in its original or current state to prevent decay or destruction.
Efficient Outcome
A situation where resources are allocated in the most effective manner, leaving no room for improvement without making someone worse off.
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good or service.
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