Examlex
Babies are born with fewer brain synapses than adults, although the number rapidly increases until age four. Then, the number of brain synapses declines and reaches adult levels by age
Regulatory Capture Effect
A situation where regulatory agencies are dominated by the industries or interests they are charged with regulating, leading to favorable policies for the regulated entities.
Principal-Agent Problem
A situation in which there is a conflict of interest between a principal (such as an owner) and an agent (such as a manager), because the agent may not act in the best interest of the principal.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction they were not involved in, such as pollution.
Unethical And Illegal Behavior
Actions that are morally wrong and prohibited by law, ranging from fraud and corruption to violations of human rights.
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