Examlex
The role of the monetary system is to print and circulate currency.
Marginal Cost
The variation in the overall cost of production that occurs with an increase of one unit in the quantity produced.
Pollution Abatement
Measures taken to reduce, control, or eliminate pollution from various sources to improve environmental health.
Diminishing Returns
Diminishing returns is an economic principle stating that as one factor of production increases while others are held constant, the additional output (returns) from the increased factor will eventually decrease.
Free Ride
Benefiting from a service or good without having to bear the cost or effort of obtaining it, usually in the context of public goods.
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