Examlex
A simple pendulum consists of a mass M attached to a weightless string of length L. For this system, when undergoing small oscillations
Subsidy
A payment made by the government to a firm, industry, or individual, usually to encourage the production of a certain good or service or to reduce its price for consumers.
Output
The quantity of goods or services produced in a given time period, by a firm, industry, or country.
Internalized
The process of incorporating external costs or benefits into one's own decision-making criteria.
Externality
A consequence of an economic activity experienced by unrelated third parties, which can be either positive (benefits) or negative (costs).
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