Examlex
Which term means a perspective characterized by empathy, a desire to maintain relationships, and a responsibility to avoid causing harm?
Social-Cost Curve
illustrates the total cost of producing a good or service, including both private costs incurred by businesses and external costs borne by society.
Private Cost
The cost of a production activity that is directly borne by an enterprise.
Gallon
A gallon is a unit of volume measurement used primarily in the United States, equal to 3.785 liters.
Externality
An outcome from economic actions affecting external third parties not related to the activity, which could be either advantageous or detrimental.
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